A. Schulman Inc. (NASDAQ:SHLM)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $19.58 and last traded at $21.96, with a volume of 1,484,090 shares trading hands. The stock had previously closed at $29.98.

Several research firms recently commented on SHLM. Longbow Research lowered A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday. TheStreet raised A. Schulman from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research lowered A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.67.

The stock has a 50-day moving average of $27.01 and a 200 day moving average of $25.87. The stock has a market cap of $643.70 million and a P/E ratio of 15.23.

A. Schulman (NASDAQ:SHLM) last posted its earnings results on Tuesday, June 28th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The business had revenue of $650.40 million for the quarter. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. On average, equities research analysts forecast that A. Schulman Inc. will post $2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Friday, July 15th were issued a dividend of $0.205 per share. The ex-dividend date was Wednesday, July 13th. This represents a $0.82 annualized dividend and a dividend yield of 3.74%.

Several institutional investors have bought and sold shares of the stock. Rhumbline Advisers raised its position in A. Schulman by 4.2% in the fourth quarter. Rhumbline Advisers now owns 40,970 shares of the company’s stock valued at $1,255,000 after buying an additional 1,650 shares during the last quarter. Bank of Montreal Can raised its position in A. Schulman by 8.8% in the fourth quarter. Bank of Montreal Can now owns 58,045 shares of the company’s stock valued at $1,779,000 after buying an additional 4,675 shares during the last quarter. New York State Common Retirement Fund raised its position in A. Schulman by 34.3% in the fourth quarter. New York State Common Retirement Fund now owns 66,923 shares of the company’s stock valued at $2,051,000 after buying an additional 17,092 shares during the last quarter. California Public Employees Retirement System raised its position in A. Schulman by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 95,477 shares of the company’s stock valued at $2,925,000 after buying an additional 2,100 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in A. Schulman by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 726,292 shares of the company’s stock valued at $22,254,000 after buying an additional 39,941 shares during the last quarter.

A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

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