Balchem Co. (NASDAQ:BCPC)’s share price reached a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $90.25 and last traded at $89.12, with a volume of 67045 shares. The stock had previously closed at $89.69.
Separately, BidaskClub cut Balchem from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd.
The firm has a market capitalization of $2,819.21, a PE ratio of 34.65 and a beta of 0.94. The company has a quick ratio of 1.28, a current ratio of 1.84 and a debt-to-equity ratio of 0.31.
Balchem (NASDAQ:BCPC) last released its earnings results on Tuesday, February 27th. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. The firm had revenue of $159.26 million during the quarter. Balchem had a return on equity of 14.16% and a net margin of 15.14%.
Institutional investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in shares of Balchem during the 4th quarter worth about $113,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Balchem by 158.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,206 shares of the basic materials company’s stock worth $179,000 after buying an additional 1,352 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Balchem during the 4th quarter worth about $286,000. Meadow Creek Investment Management LLC boosted its stake in shares of Balchem by 23.0% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,340 shares of the basic materials company’s stock worth $350,000 after buying an additional 812 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Balchem by 21.9% during the 4th quarter. Profund Advisors LLC now owns 4,829 shares of the basic materials company’s stock worth $389,000 after buying an additional 869 shares during the last quarter. Institutional investors own 88.99% of the company’s stock.
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Balchem Company Profile
Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.
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