Layne Christensen Co. (LAYN) Trading Up 3.3%
Layne Christensen Co. (NASDAQ:LAYN) was up 3.3% during mid-day trading on Friday . The company traded as high as $9.33 and last traded at $9.21, with a volume of 53,502 shares trading hands. The stock had previously closed at $8.92.
A number of equities research analysts have recently issued reports on LAYN shares. Jefferies Group reissued a “hold” rating on shares of Layne Christensen in a research report on Wednesday, June 8th. Zacks Investment Research raised shares of Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th.
The firm has a 50-day moving average of $8.60 and a 200 day moving average of $7.80. The stock’s market capitalization is $180.40 million.
Layne Christensen (NASDAQ:LAYN) last posted its earnings results on Monday, June 6th. The company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.14. The company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $160.24 million. During the same period last year, the firm earned ($0.33) earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, analysts expect that Layne Christensen Co. will post ($0.74) earnings per share for the current fiscal year.
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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