OM Group Inc. Hits New 52-Week High at $36.73 (OMG)
Shares of OM Group (NYSE:OMG) hit a new 52-week high during mid-day trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $36.73 and last traded at $36.55, with a volume of 61,224 shares trading hands. The stock had previously closed at $36.03.
Separately, analysts at Northcoast Research upgraded shares of OM Group to a “buy” rating in a research note to investors on Thursday, December 12th.
OM Group has a one year low of $22.22 and a one year high of $36.73. The stock’s 50-day moving average is $34.50 and its 200-day moving average is $32.55. The company’s market cap is $1.167 billion.
OM Group (NYSE:OMG) last released its earnings data on Friday, November 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $266.00 million for the quarter, compared to the consensus estimate of $256.25 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 28.1% on a year-over-year basis. On average, analysts predict that OM Group will post $1.19 earnings per share 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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