Chemtura Corp. Reaches New 12-Month High at $24.65 (CHMT)
Chemtura Corp. (NASDAQ:CHMT)’s share price reached a new 52-week high during mid-day trading on Friday, American Banking News reports. The stock traded as high as $24.65 and last traded at $23.84, with a volume of 2,183,262 shares traded. The stock had previously closed at $23.35.
Separately, analysts at Zacks upgraded shares of Chemtura Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $24.70 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Chemtura Corp. currently has a consensus rating of “Buy” and an average target price of $27.34.
Chemtura Corp. has a 1-year low of $14.85 and a 1-year high of $24.51. The stock’s 50-day moving average is $23.09 and its 200-day moving average is $22.17. The company’s market cap is $2.334 billion.
Chemtura Corp. (NASDAQ:CHMT) last announced its earnings results on Tuesday, July 30th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.04. The company had revenue of $735.00 million for the quarter, compared to the consensus estimate of $734.90 million. During the same quarter last year, the company posted $0.61 earnings per share. Chemtura Corp.’s revenue was down .8% compared to the same quarter last year. Analysts expect that Chemtura Corp. will post $1.09 EPS for the current fiscal year.
Chemtura Corporation (NASDAQ:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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