Layne Christensen Co. (LAYN) Shares Up 3.3%
Layne Christensen Co. (NASDAQ:LAYN)’s share price shot up 3.3% during trading on Friday . The stock 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.
Several research firms have commented on LAYN. Jefferies Group reiterated a “hold” rating on shares of Layne Christensen in a research report on Monday, August 15th. Zacks Investment Research upgraded Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th.
The stock has a 50-day moving average price of $8.62 and a 200 day moving average price of $7.83. The company’s market capitalization is $180.00 million.
Layne Christensen (NASDAQ:LAYN) last announced its quarterly earnings results on Monday, June 6th. The company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.14. The firm earned $159.70 million during the quarter, compared to the consensus estimate of $160.24 million. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.33) EPS. Analysts predict that Layne Christensen Co. will post ($0.74) EPS 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.