FutureFuel Corp. (FF) Sees Large Volume Increase
FutureFuel Corp. (NYSE:FF) shares saw unusually-high trading volume on Wednesday . Approximately 91,774 shares traded hands 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 FutureFuel Corp. from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, May 4th.
The company has a market cap of $520.28 million and a price-to-earnings ratio of 8.78. The stock’s 50 day moving average price is $11.56 and its 200-day moving average price is $11.48.
FutureFuel Corp. (NYSE:FF) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company earned $67.88 million during the quarter, compared to analyst estimates of $93.50 million. The business’s revenue for the quarter was down 35.1% on a year-over-year basis. On average, analysts expect that FutureFuel Corp. will post $1.00 EPS for the current year.
In related news, Director Donald C. Bedell acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average cost of $9.87 per share, for a total transaction of $29,610.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A hedge fund recently raised its stake in FutureFuel Corp. stock. Schwab Charles Investment Management Inc. boosted its position in shares of FutureFuel Corp. (NYSE:FF) by 15.8% during the fourth quarter, according to its most recent 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 approximately 0.19% of FutureFuel Corp. worth $1,117,000 as of its most recent SEC filing.
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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