Carbo Ceramics, Inc. Common Sto (NYSE:CRR).
The stock of Carbo Ceramics, Inc. Common Sto (NYSE:CRR) exerienced a new 52 week low price of $9.48 on Tuesday. The stock traded down by $0.08 with the final trade at $10.00. 695,790 shares traded and the stock hit $10.04 at its high intraday.
Shares of the company finished up at $10.00 which is marginally lower than $12.80, the 50 day moving average and which is just under the 200 day moving average of $13.60. The 50 day moving average went down by -21.890% whereas the 200 day moving average was down $-3.60 or -26.498%.
As of the last earnings report the EPS was $-4.73 and is projected to be $-3.24 for the current year with 23,498,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.65 with next year’s EPS anticipated to be $-1.98.
Brokerage firms have provided guidance. On January 5, 2016 GMP Research started covering CRR with an initial rating of “Buy” and a price target of $27.00. KLR Group began coverage of the stock setting a rating of “Hold” and price target of $15.25.
On November 30 the stock rating was upgraded from “Neutral” to “Buy” in a report from Guggenheim Securities. On September 21 Morgan Stanley kept the company rating at “Overweight” and lowered the price target from $40.00 to $32.00.
On June 17 the company was set at “Sector Perform” according to a Iberia Capital report a boost from the previous “Underperform” rating. On November 18 analysts at SunTrust Robinson Humphrey began coverage with a rating of “Neutral” and establishing a price target of $51.00.