Investors sold shares of Platform Specialty Products Co. (NYSE:PAH) on strength during trading on Thursday. $11.55 million flowed into the stock on the tick-up and $33.29 million flowed out of the stock on the tick-down, for a money net flow of $21.74 million out of the stock. Of all stocks tracked, Platform Specialty Products had the 25th highest net out-flow for the day. Platform Specialty Products traded up $0.10 for the day and closed at $11.25
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine cut shares of Platform Specialty Products from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.83.
The stock has a market cap of $3.18 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 0.80 and a beta of 3.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.57 and a current ratio of 2.07.
Platform Specialty Products (NYSE:PAH) last posted its quarterly earnings data on Thursday, May 3rd. The specialty chemicals company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $964.10 million for the quarter, compared to analysts’ expectations of $906.10 million. Platform Specialty Products had a negative net margin of 6.05% and a positive return on equity of 8.25%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. equities analysts predict that Platform Specialty Products Co. will post 0.98 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of PAH. Legal & General Group Plc lifted its position in Platform Specialty Products by 24.2% during the 1st quarter. Legal & General Group Plc now owns 158,282 shares of the specialty chemicals company’s stock worth $1,524,000 after buying an additional 30,830 shares in the last quarter. LPL Financial LLC bought a new stake in Platform Specialty Products during the 1st quarter worth about $108,000. ETF Managers Group LLC lifted its position in Platform Specialty Products by 115.5% during the 1st quarter. ETF Managers Group LLC now owns 192,320 shares of the specialty chemicals company’s stock worth $1,794,000 after buying an additional 103,077 shares in the last quarter. Ancora Advisors LLC lifted its position in Platform Specialty Products by 109.5% during the 1st quarter. Ancora Advisors LLC now owns 1,310,085 shares of the specialty chemicals company’s stock worth $12,616,000 after buying an additional 684,686 shares in the last quarter. Finally, Slate Path Capital LP bought a new stake in Platform Specialty Products during the 1st quarter worth about $50,798,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Platform Specialty Products Company Profile
Platform Specialty Products Corporation produces and sells specialty chemical products worldwide. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers.
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