Shares of Harsco Corp. (NYSE:HSC) dropped 2.6% during trading on Tuesday . The company traded as low as $10.60 and last traded at $10.68, with a volume of 305,593 shares trading hands. The stock had previously closed at $10.96.

HSC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Harsco Corp. from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Monday, May 23rd. Jefferies Group restated a “buy” rating on shares of Harsco Corp. in a research note on Monday, August 1st.

The stock has a 50 day moving average of $8.52 and a 200-day moving average of $6.69. The stock’s market capitalization is $858.66 million.

Harsco Corp. (NYSE:HSC) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. During the same period last year, the company posted $0.08 EPS. The company had revenue of $370 million for the quarter, compared to analysts’ expectations of $377.30 million. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. Equities research analysts expect that Harsco Corp. will post $0.32 earnings per share for the current year.

A number of hedge funds have made changes to their positions in HSC. California Public Employees Retirement System raised its stake in shares of Harsco Corp. by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 348,553 shares of the company’s stock worth $2,747,000 after buying an additional 21,900 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Harsco Corp. by 139.2% in the fourth quarter. New York State Common Retirement Fund now owns 183,493 shares of the company’s stock worth $1,446,000 after buying an additional 106,793 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Harsco Corp. during the fourth quarter worth approximately $1,543,000.

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.

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