Layne Christensen Co. (LAYN) Trading Down 3.9%
Layne Christensen Co. (NASDAQ:LAYN)’s share price traded down 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 trading hands. The stock had previously closed at $9.26.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Layne Christensen from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Jefferies Group reissued a “hold” rating on shares of Layne Christensen in a report on Wednesday, June 8th.
The company’s market capitalization is $180.00 million. The firm has a 50-day moving average price of $8.62 and a 200 day moving average price of $7.83.
Layne Christensen (NASDAQ:LAYN) last issued its quarterly earnings data on Monday, June 6th. The company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.14. During the same period last year, the firm posted ($0.33) earnings per share. The company had revenue of $159.70 million for the quarter, compared to analyst estimates of $160.24 million. Layne Christensen’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts predict that Layne Christensen Co. will post ($0.74) earnings per share 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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