Horsehead Holding Corp. Stock Rating Lowered by CJS Securities (ZINC)
Horsehead Holding Corp. (NASDAQ:ZINC) was downgraded by equities researchers at CJS Securities to a “market perform” rating in a research report issued on Tuesday, Analyst Ratings.Net reports.
ZINC has been the subject of a number of other recent research reports. Analysts at Sidoti downgraded shares of Horsehead Holding Corp. (NASDAQ:ZINC) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 8th. Analysts at Oppenheimer initiated coverage on shares of Horsehead Holding Corp. (NASDAQ:ZINC) in a research note to investors on Thursday, June 27th. They set an “outperform” rating and a $17.00 price target on the stock.
Shares of Horsehead Holding Corp. (NASDAQ:ZINC) opened at 13.17 on Tuesday. Horsehead Holding Corp. has a 52 week low of $8.20 and a 52 week high of $14.09. The stock’s 50-day moving average is $12.45 and its 200-day moving average is $11.71. The company’s market cap is $580.9 million.
Horsehead Holding Corp. (NASDAQ:ZINC) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.05. The company had revenue of $110.50 million for the quarter, compared to the consensus estimate of $107.87 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts expect that Horsehead Holding Corp. will post $0.03 EPS for the current fiscal year.
Horsehead Holding Corp. (NASDAQ:ZINC) is a producer of zinc and nickel-based products sold primarily to customers throughout the United States and Canada.
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