FutureFuel Corp. (FF) Sees Unusually-High Trading Volume
FutureFuel Corp. (NYSE:FF) saw unusually-strong trading volume on Thursday . Approximately 166,277 shares changed hands during mid-day trading, an increase of 93% from the previous session’s volume of 86,037 shares.The stock last traded at $11.79 and had previously closed at $11.41.
Separately, Zacks Investment Research upgraded shares of FutureFuel Corp. from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research note on Thursday, May 12th.
The stock has a market cap of $515.47 million and a P/E ratio of 10.62. The company’s 50-day moving average is $11.20 and its 200 day moving average is $11.49.
FutureFuel Corp. (NYSE:FF) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.09. During the same period in the previous year, the business earned $0.09 earnings per share. The company had revenue of $67.88 million for the quarter, compared to analysts’ expectations of $93.50 million. The business’s revenue for the quarter was down 35.1% on a year-over-year basis. Analysts predict that FutureFuel Corp. will post $1.03 earnings per share for the current fiscal year.
In related news, Director Donald C. Bedell acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The shares were acquired at an average cost of $9.87 per share, with a total value of $29,610.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in FutureFuel Corp. stock. Russell Frank Co raised its stake in FutureFuel Corp. (NYSE:FF) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,031 shares of the company’s stock after buying an additional 12,380 shares during the period. Russell Frank Co owned 0.18% of FutureFuel Corp. worth $1,082,000 at the end of the most recent reporting period.
FutureFuel Corp. is engaged in the chemical and biofuels business. The FutureFuel Chemical Company, a subsidiary of Company, manufactures chemical products and bio-based products comprising biofuels and bio-based specialty chemical products. The Company operates in two segments: chemicals and biofuels.
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