Layne Christensen Co. (NASDAQ:LAYN) shares dropped 3.9% during mid-day trading on Thursday . The stock traded as low as $8.76 and last traded at $8.90, with a volume of 61,800 shares changing hands. The stock had previously closed at $9.26.

LAYN has been the topic of several analyst reports. Jefferies Group reaffirmed a “hold” rating on shares of Layne Christensen in a research report on Monday, August 15th. Zacks Investment Research raised Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th.

The company’s market cap is $176.63 million. The stock’s 50-day moving average is $8.59 and its 200 day moving average is $7.79.

Layne Christensen (NASDAQ:LAYN) last issued its earnings results on Monday, June 6th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.31) by $0.14. The company earned $159.70 million during the quarter, compared to the consensus estimate of $160.24 million. Layne Christensen’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) EPS. Equities analysts forecast that Layne Christensen Co. will post ($0.74) EPS for the current year.

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through four segments: Water Resources, Inliner, Heavy Civil and Mineral Services.

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