Shares of Ferro Corp. (NYSE:FOE) were up 2.3% during mid-day trading on Wednesday . The stock traded as high as $14.14 and last traded at $13.36, with a volume of 785,642 shares changing hands. The stock had previously closed at $13.06.

Separately, Zacks Investment Research raised shares of Ferro Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th.

The firm has a 50-day moving average price of $13.90 and a 200-day moving average price of $11.71. The company has a market cap of $1.17 billion and a price-to-earnings ratio of 28.61.

Ferro Corp. (NYSE:FOE) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company earned $277.45 million during the quarter, compared to analyst estimates of $281.70 million. During the same period in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Ferro Corp. will post $0.96 EPS for the current fiscal year.

A number of institutional investors have made changes to their positions in FOE. California State Teachers Retirement System boosted its position in shares of Ferro Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 135,280 shares of the company’s stock worth $1,504,000 after buying an additional 2,379 shares during the last quarter. Morgan Stanley boosted its position in shares of Ferro Corp. by 876.4% in the fourth quarter. Morgan Stanley now owns 292,023 shares of the company’s stock worth $3,248,000 after buying an additional 262,115 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Ferro Corp. by 46.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 352,265 shares of the company’s stock worth $3,917,000 after buying an additional 112,265 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Ferro Corp. by 555.2% in the fourth quarter. Marshall Wace LLP now owns 758,047 shares of the company’s stock worth $8,429,000 after buying an additional 642,343 shares during the last quarter. Finally, Royce & Associates LLC boosted its position in shares of Ferro Corp. by 7.7% in the fourth quarter. Royce & Associates LLC now owns 1,481,470 shares of the company’s stock worth $16,474,000 after buying an additional 106,500 shares during the last quarter.

Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. It operates, approximately 33 facilities around the world that manufacture performance materials and performance chemicals.

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