Layne Christensen Company Hits New 1-Year Low at $10.35 (LAYN)
Layne Christensen Company (NASDAQ:LAYN)’s share price hit a new 52-week low during mid-day trading on Tuesday , StockRatingsNetwork.com reports. The company traded as low as $10.35 and last traded at $10.51, with a volume of 228,769 shares traded. The stock had previously closed at $10.68.
Several analysts have recently commented on the stock. Analysts at DA Davidson cut their price target on shares of Layne Christensen Company from $15.00 to $13.00 in a research note on Tuesday, July 22nd. They now have a “neutral” rating on the stock. Analysts at Jefferies Group cut their price target on shares of Layne Christensen Company from $17.00 to $14.50 in a research note on Tuesday, June 17th. They now have a “hold” rating on the stock.
The stock has a 50-day moving average of $11.87 and a 200-day moving average of $15.4. The company’s market cap is $205.3 million.
Layne Christensen Company (NASDAQ:LAYN) last posted its quarterly earnings results on Monday, June 16th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $1.07. The company had revenue of $191.20 million for the quarter, compared to the consensus estimate of $206.58 million. During the same quarter in the previous year, the company posted ($0.81) earnings per share. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. Analysts expect that Layne Christensen Company will post $-2.00 EPS for the current fiscal year.
Layne Christensen Company is a global water management, construction and drilling company. The Company provides solutions for water, mineral and energy challenges.
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