Calgon Carbon (NYSE:CCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.
According to Zacks, “Earnings estimate of Calgon Carbon for the fourth quarter of 2017 has been going down of late. Calgon Carbon faces headwinds from higher operating and other expenses which may continue to hurt its earnings in the fourth quarter. Demand for activated carbon also remain weak in specific markets. The company is also exposed to weakness in its equipment business. Its stretched valuation is another concern.”
Calgon Carbon (CCC) traded up $0.05 during trading on Thursday, reaching $21.35. The company’s stock had a trading volume of 1,556,601 shares, compared to its average volume of 1,152,256. Calgon Carbon has a twelve month low of $12.00 and a twelve month high of $22.10. The company has a current ratio of 2.80, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1,084.81, a P/E ratio of 49.65 and a beta of 1.07.
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About Calgon Carbon
Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.
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