Ferro Co. (NYSE:FOE) was up 5.8% during mid-day trading on Wednesday . The stock traded as high as $12.45 and last traded at $12.32, approximately 877,722 shares were traded during trading. A decline of 2% from the average daily volume of 898,635 shares. The stock had previously closed at $11.64.

FOE has been the subject of a number of recent analyst reports. TheStreet lowered Ferro from a “b-” rating to a “c+” rating in a report on Wednesday, May 29th. Zacks Investment Research raised Ferro from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. ValuEngine cut Ferro from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. BMO Capital Markets decreased their price target on Ferro to $15.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Finally, Buckingham Research lowered their price target on Ferro from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.80.

The business’s 50 day moving average price is $11.77 and its two-hundred day moving average price is $15.42. The company has a market capitalization of $932.39 million, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.49 and a current ratio of 2.58.

Ferro (NYSE:FOE) last posted its quarterly earnings data on Tuesday, July 30th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Ferro had a net margin of 3.28% and a return on equity of 27.77%. The business had revenue of $393.90 million during the quarter, compared to analysts’ expectations of $415.39 million. During the same period last year, the firm posted $0.44 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts expect that Ferro Co. will post 1.22 earnings per share for the current year.

In other news, General Counsel Mark Hugo Duesenberg sold 35,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $10.69, for a total value of $374,150.00. Following the sale, the general counsel now owns 232,863 shares of the company’s stock, valued at approximately $2,489,305.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Benjamin Schlater sold 2,500 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $12.36, for a total value of $30,900.00. Following the completion of the sale, the chief financial officer now directly owns 30,055 shares in the company, valued at approximately $371,479.80. The disclosure for this sale can be found here. Insiders sold 47,500 shares of company stock valued at $525,600 over the last 90 days. 2.71% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC raised its position in Ferro by 22.3% in the second quarter. Quantamental Technologies LLC now owns 8,500 shares of the specialty chemicals company’s stock worth $134,000 after acquiring an additional 1,550 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Ferro by 7.5% during the 2nd quarter. Jane Street Group LLC now owns 14,349 shares of the specialty chemicals company’s stock valued at $227,000 after purchasing an additional 1,001 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ferro during the 1st quarter valued at about $259,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Ferro in the 1st quarter worth approximately $277,000. Finally, SG Americas Securities LLC acquired a new position in shares of Ferro in the 1st quarter worth approximately $286,000. 99.73% of the stock is owned by institutional investors and hedge funds.

Ferro Company Profile (NYSE:FOE)

Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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