Layne Christensen Co. (NASDAQ:LAYN) was down 0.8% during mid-day trading on Friday . The company traded as low as $7.84 and last traded at $8.30, with a volume of 61,300 shares. The stock had previously closed at $8.37.

A number of equities research analysts have recently issued reports on LAYN shares. Jefferies Group reaffirmed a “hold” rating and set a $7.25 target price (down previously from $7.50) on shares of Layne Christensen in a report on Monday, April 18th. Maxim Group upped their price objective on shares of Layne Christensen from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, April 18th. Finally, Zacks Investment Research lowered shares of Layne Christensen from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 19th.

The company’s market cap is $167.72 million. The company’s 50-day moving average price is $8.05 and its 200-day moving average price is $6.96.

Layne Christensen (NASDAQ:LAYN) last released its earnings results on Monday, June 6th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.14. The business earned $159.70 million during the quarter, compared to the consensus estimate of $160.24 million. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) earnings per share. Equities analysts forecast that Layne Christensen Co. will post ($0.74) EPS for the current fiscal year.

An institutional investor recently raised its position in Layne Christensen stock. Green Square Capital LLC raised its position in shares of Layne Christensen Co. (NASDAQ:LAYN) by 22.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 549,183 shares of the company’s stock after buying an additional 100,008 shares during the period. Green Square Capital LLC owned 2.78% of Layne Christensen worth $2,889,000 as of its most recent SEC filing.

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through four segments: Water Resources, Inliner, Heavy Civil and Mineral Services.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.