Quaker Chemical Corp. (NYSE:KWR) shares reached a new 52-week high on Friday . The stock traded as high as $98.80 and last traded at $98.03, with a volume of 16,243 shares. The stock had previously closed at $97.97.

Several research analysts have recently weighed in on KWR shares. Seaport Global Securities cut Quaker Chemical Corp. from an “accumulate” rating to a “neutral” rating and set a $94.00 price target for the company. in a research note on Monday, May 2nd. Zacks Investment Research cut Quaker Chemical Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Finally, Jefferies Group restated a “hold” rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th.

The stock has a market capitalization of $1.30 billion and a P/E ratio of 24.28. The company’s 50 day moving average price is $95.06 and its 200-day moving average price is $86.49.

Quaker Chemical Corp. (NYSE:KWR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.09 by $0.02. The firm had revenue of $186.91 million for the quarter, compared to analysts’ expectations of $187.77 million. During the same quarter in the previous year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Quaker Chemical Corp. will post $4.56 EPS for the current year.

An institutional investor recently raised its position in Quaker Chemical Corp. stock. Wells Fargo & Company MN increased its stake in shares of Quaker Chemical Corp. (NYSE:KWR) by 32.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 395,854 shares of the company’s stock after buying an additional 97,749 shares during the period. Wells Fargo & Company MN owned 2.98% of Quaker Chemical Corp. worth $30,583,000 at the end of the most recent quarter.

Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.

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