FutureFuel Corp. (FF) Sees Strong Trading Volume
FutureFuel Corp. (NYSE:FF) saw unusually-high trading volume on Wednesday . Approximately 91,774 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 95,310 shares.The stock last traded at $11.93 and had previously closed at $11.88.
Separately, Zacks Investment Research downgraded shares of FutureFuel Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th.
The firm has a 50-day moving average price of $11.50 and a 200 day moving average price of $11.48. The company has a market cap of $516.78 million and a P/E ratio of 8.72.
FutureFuel Corp. (NYSE:FF) last announced its earnings results on Tuesday, August 9th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. During the same period in the previous year, the business posted $0.09 earnings per share. The firm earned $67.88 million during the quarter, compared to analysts’ expectations of $93.50 million. The company’s revenue for the quarter was down 35.1% on a year-over-year basis. On average, analysts predict that FutureFuel Corp. will post $1.00 earnings per share for the current fiscal year.
In other news, Director Donald C. Bedell bought 3,000 shares of the company’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 is accessible through this hyperlink.
An institutional investor recently raised its position in FutureFuel Corp. stock. Schwab Charles Investment Management Inc. increased its position in shares of FutureFuel Corp. (NYSE:FF) by 15.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,721 shares of the company’s stock after buying an additional 11,285 shares during the period. Schwab Charles Investment Management Inc. owned about 0.19% of FutureFuel Corp. worth $1,117,000 as of its most recent filing with the SEC.
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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