GCP Applied Technologies Inc. (GCP) Sees Unusually-High Trading Volume
Shares of GCP Applied Technologies Inc. (NYSE:GCP) saw unusually-high trading volume on Tuesday . Approximately 596,711 shares changed hands during mid-day trading, an increase of 52% from the previous session’s volume of 392,314 shares.The stock last traded at $28.71 and had previously closed at $28.22.
GCP has been the subject of a number of recent research reports. Northcoast Research initiated coverage on shares of GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating for the company. CL King initiated coverage on shares of GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, May 4th. Finally, KeyCorp initiated coverage on shares of GCP Applied Technologies in a report on Monday, May 16th. They issued a “sector weight” rating for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.00.
The stock has a market cap of $2.00 billion and a P/E ratio of 54.57. The company has a 50-day moving average of $26.76 and a 200 day moving average of $22.64.
GCP Applied Technologies (NYSE:GCP) last released its earnings results on Tuesday, May 10th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. On average, analysts anticipate that GCP Applied Technologies Inc. will post $1.50 EPS for the current year.
GCP Applied Technologies Inc is a provider of products and technology solutions for customers in the specialty construction chemicals, specialty building materials and packaging sealants and coatings industries. The Company operates through three segments: Specialty Construction Chemicals (SCC), which provides products, technologies, and services that improve the performance of cement, concrete, mortar, masonry and other cementitious based construction materials; Specialty Building Materials (SBM), which produces and sells sheet and liquid membrane systems and other products that protect both new and existing structures from water, air, vapor penetration, and fire damage, and Darex Packaging Technologies, which produces and sells sealants and coatings for consumer and industrial applications to protect the integrity of packaged products.
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