FutureFuel Corp. (FF) Sees Unusually-High Trading Volume
FutureFuel Corp. (NYSE:FF) saw unusually-high trading volume on Wednesday . Approximately 134,020 shares changed hands during trading, a decline of 11% from the previous session’s volume of 149,793 shares.The stock last traded at $11.45 and had previously closed at $11.45.
FF has been the topic of a number of research reports. Zacks Investment Research downgraded shares of FutureFuel Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. TheStreet downgraded shares of FutureFuel Corp. from a “buy” rating to a “hold” rating in a research report on Friday, April 8th.
The company’s 50-day moving average price is $10.83 and its 200-day moving average price is $11.61. The firm has a market cap of $502.35 million and a price-to-earnings ratio of 10.35.
FutureFuel Corp. (NYSE:FF) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. The firm had revenue of $46.64 million for the quarter, compared to analyst estimates of $82.50 million. The company’s revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. On average, analysts expect that FutureFuel Corp. will post $1.03 earnings per share for the current fiscal year.
In other news, Director Donald C. Bedell purchased 3,000 shares of the stock in a transaction dated Tuesday, June 28th. The shares were purchased at an average price of $9.87 per share, with a total value of $29,610.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Other hedge funds and institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of FutureFuel Corp. by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,559,271 shares of the company’s stock valued at $21,050,000 after buying an additional 138,031 shares during the last quarter. First Trust Advisors LP boosted its position in shares of FutureFuel Corp. by 2.6% in the fourth quarter. First Trust Advisors LP now owns 266,172 shares of the company’s stock valued at $3,593,000 after buying an additional 6,689 shares during the last quarter. Finally, Russell Frank Co boosted its position in shares of FutureFuel Corp. by 18.6% in the fourth quarter. Russell Frank Co now owns 79,031 shares of the company’s stock valued at $1,082,000 after buying an additional 12,380 shares during the last quarter.
FutureFuel Corp. is engaged in the chemical and biofuels business. The FutureFuel Chemical Company, a subsidiary of Company, manufactures chemical products and bio-based products comprising biofuels and bio-based specialty chemical products. The Company operates in two segments: chemicals and biofuels.
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