Layne Christensen Co. (NASDAQ:LAYN) traded up 1.8% during trading on Tuesday . The stock traded as high as $8.50 and last traded at $8.33, with a volume of 107,304 shares changing hands. The stock had previously closed at $8.18.

Several equities research analysts have commented on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Layne Christensen in a report on Wednesday, June 8th. Zacks Investment Research downgraded shares of Layne Christensen from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 19th. Finally, Maxim Group upped their price objective on shares of Layne Christensen from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, April 18th.

The stock’s market cap is $169.51 million. The stock has a 50 day moving average price of $8.06 and a 200 day moving average price of $6.92.

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

An institutional investor recently raised its position in Layne Christensen stock. First Trust Advisors LP increased its stake in Layne Christensen Co. (NASDAQ:LAYN) by 153.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 387,343 shares of the company’s stock after buying an additional 234,478 shares during the period. First Trust Advisors LP owned about 1.96% of Layne Christensen worth $2,037,000 as of its most recent filing with the SEC.

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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