TheStreet Downgrades AEP Industries Inc. (AEPI) to Hold
AEP Industries (NASDAQ:AEPI) traded down 0.37% during mid-day trading on Monday, reaching $108.70. 58,804 shares of the company traded hands. AEP Industries has a 12-month low of $56.89 and a 12-month high of $112.38. The company’s 50 day moving average price is $108.12 and its 200 day moving average price is $81.22. The firm has a market capitalization of $555.78 million, a P/E ratio of 14.46 and a beta of 0.73.
AEP Industries (NASDAQ:AEPI) last issued its quarterly earnings data on Friday, September 9th. The company reported $1.22 earnings per share (EPS) for the quarter. The business had revenue of $283.69 million for the quarter. AEP Industries had a return on equity of 37.72% and a net margin of 3.55%. Equities research analysts predict that AEP Industries will post $1.91 EPS for the current year.
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In other news, major shareholder Ksa Capital Management, Llc sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $111.33, for a total transaction of $14,472,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 22.60% of the company’s stock.
About AEP Industries
AEP Industries Inc is a manufacturer of plastic packaging films in North America. The Company is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries.
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