Layne Christensen Co. (NASDAQ:LAYN)’s share price was down 0.8% on Friday . The stock traded as low as $7.84 and last traded at $8.30, with a volume of 61,300 shares. The stock had previously closed at $8.37.

Several equities analysts have recently weighed in on LAYN shares. Maxim Group raised their price target on shares of Layne Christensen from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, April 18th. Jefferies Group reissued a “hold” rating and issued a $7.25 price objective (down previously from $7.50) on shares of Layne Christensen in a report on Monday, April 18th. Finally, Zacks Investment Research raised Layne Christensen from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th.

The stock’s market cap is $167.72 million. The firm has a 50 day moving average of $8.05 and a 200-day moving average of $6.96.

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

An institutional investor recently raised its position in Layne Christensen stock. Green Square Capital LLC increased its position in Layne Christensen Co. (NASDAQ:LAYN) by 22.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 549,183 shares of the company’s stock after buying an additional 100,008 shares during the period. Green Square Capital LLC owned approximately 2.78% of Layne Christensen worth $2,889,000 at the end of the most recent quarter.

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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