Raven Industries Reaches New 12-Month Low After Earnings Miss (RAVN)
Shares of Raven Industries (NASDAQ:RAVN) reached a new 52-week low during trading on Thursday after the company announced weaker than expected quarterly earnings, StockRatingsNetwork.com reports. The stock traded as low as $26.76 and last traded at $27.41, with a volume of 139,236 shares. The stock had previously closed at $28.90.
The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.05. The company had revenue of $94.50 million for the quarter.
The stock’s 50-day moving average is $29.8 and its 200-day moving average is $32.43. The company has a market cap of $990.9 million and a price-to-earnings ratio of 26.51.
Raven Industries, Inc is an industrial manufacturer providing a variety of products. The Company markets its products worldwide and has its principal operations in the United States of America.
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