OM Group Inc. Reaches New 12-Month High at $33.83 (OMG)
OM Group (NYSE:OMG)’s share price reached a new 52-week high during mid-day trading on Monday, Analyst Ratings Network.com reports. The stock traded as high as $33.83 and last traded at $33.69, with a volume of 73,593 shares traded. The stock had previously closed at $33.52.
Separately, analysts at Zacks downgraded shares of OM Group (NYSE:OMG) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $34.80 price target on the stock.
OM Group has a 1-year low of $17.40 and a 1-year high of $33.65. The stock’s 50-day moving average is $30.66 and its 200-day moving average is $28.85. The company’s market cap is $1.079 billion.
OM Group (NYSE:OMG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.02. The company had revenue of $279.00 million for the quarter, compared to the consensus estimate of $292.85 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that OM Group will post $1.07 EPS for the current fiscal year.
OM Group, Inc is a diversified industrial growth company serving attractive global markets, including automotive systems, electronic devices, aerospace, general industrial and renewable energy.
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