Glatfelter Sets New 1-Year Low at $22.83 (GLT)
Glatfelter (NYSE:GLT)’s share price hit a new 52-week low on Tuesday , Analyst Ratings Network.com reports. The company traded as low as $22.83 and last traded at $23.55, with a volume of 141,162 shares traded. The stock had previously closed at $24.69.
Separately, analysts at Zacks upgraded shares of Glatfelter from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $26.70 price target on the stock.
The stock has a 50-day moving average of $25.88 and a 200-day moving average of $27.2. The company has a market cap of $1.059 billion and a price-to-earnings ratio of 16.57.
Glatfelter (NYSE:GLT) last released its earnings data on Tuesday, July 29th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $445.30 million for the quarter, compared to the consensus estimate of $481.13 million. During the same quarter last year, the company posted $0.12 earnings per share. Glatfelter’s revenue was up 4.6% compared to the same quarter last year. Analysts expect that Glatfelter will post $1.84 EPS for the current fiscal year.
P. H. Glatfelter Company (NYSE:GLT) is a manufacturer of specialty papers and fiber-based engineered materials.
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