Glatfelter Corporation (GLT) concluded trading on Wednesday at a closing price of $2.64, with 66.47 million shares of worth about $175.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.54% during that period and on Wednesday February 7 the price saw a gain of about 106.25%. Currently the company’s common shares owned by public are about 44.79M shares, out of which, 43.29M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 2,310,249 shares in 40 of the transactions. In 15 selling transactions, insiders dumped 22,042 shares.
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However, the stock later moved at a day high price of 2.7100, or with a gain of 106.25%. Stock saw a price change of 82.07% in past 5 days and over the past one month there was a price change of 54.39%. Year-to-date (YTD), GLT shares are showing a performance of 36.08% which decreased to -42.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.25 but also hit the highest price of $4.59 during that period. The average intraday trading volume for Glatfelter Corporation shares is 259.25K. The stock is currently trading 80.57% above its 20-day simple moving average (SMA20), while that difference is up 69.80% for SMA50 and it goes to 11.96% higher than SMA200.
Glatfelter Corporation (NYSE: GLT) currently have 44.79M outstanding shares and institutions hold larger chunk of about 80.11% of that.
The stock has a current market capitalization of $119.04M and its 3Y-monthly beta is at 1.58. It has posted earnings per share of -$2.33 in the same period. It has Quick Ratio of 1.15 while making debt-to-equity ratio of 3.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GLT, volatility over the week remained 13.42% while standing at 9.19% over the month.
Analysts are in expectations that Glatfelter Corporation (GLT) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on July 26, 2021 offering an Outperform rating for the stock and assigned a target price of $17 to it.
