Layne Christensen Co. (NASDAQ:LAYN) was down 4.1% during trading on Tuesday . The company traded as low as $8.26 and last traded at $8.37, with a volume of 120,986 shares changing hands. The stock had previously closed at $8.73.

A number of equities research analysts have commented on LAYN shares. Maxim Group raised their price target on Layne Christensen from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, April 18th. Jefferies Group reissued a “hold” rating and set a $7.25 price target (down from $7.50) on shares of Layne Christensen in a report on Monday, April 18th. Finally, Zacks Investment Research raised Layne Christensen from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th.

The stock’s market cap is $165.74 million. The stock has a 50 day moving average of $8.04 and a 200 day moving average of $7.15.

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

Other large investors have bought and sold shares of the company. KBC Group NV raised its stake in Layne Christensen by 99.1% in the fourth quarter. KBC Group NV now owns 204,186 shares of the company’s stock valued at $1,074,000 after buying an additional 101,628 shares during the last quarter. First Trust Advisors LP raised its stake in Layne Christensen by 153.4% in the fourth quarter. First Trust Advisors LP now owns 387,343 shares of the company’s stock valued at $2,037,000 after buying an additional 234,478 shares during the last quarter. Finally, Green Square Capital LLC raised its stake in Layne Christensen by 22.3% in the fourth quarter. Green Square Capital LLC now owns 549,183 shares of the company’s stock valued at $2,889,000 after buying an additional 100,008 shares during the last quarter.

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.

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