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

A number of research analysts have commented on the company. Seaport Global Securities downgraded Quaker Chemical Corp. from an “accumulate” rating to a “neutral” rating and set a $94.00 target price on the stock. in a research note on Monday, May 2nd. Zacks Investment Research downgraded 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 company has a market capitalization of $1.30 billion and a P/E ratio of 24.29. The stock has a 50 day moving average of $95.33 and a 200-day moving average of $86.67.

Quaker Chemical Corp. (NYSE:KWR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The firm earned $186.91 million during the quarter, compared to analyst estimates of $187.77 million. During the same period in the prior year, the business earned $1.15 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts expect that Quaker Chemical Corp. will post $4.56 earnings per share for the current year.

An institutional investor recently raised its position in Quaker Chemical Corp. stock. First Trust Advisors LP increased its stake in shares of Quaker Chemical Corp. (NYSE:KWR) by 72.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,002 shares of the company’s stock after buying an additional 5,482 shares during the period. First Trust Advisors LP owned 0.10% of Quaker Chemical Corp. worth $1,005,000 as of its most recent filing with the SEC.

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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