Quaker Chemical Corp. (KWR) Sees Strong Trading Volume
Quaker Chemical Corp. (NYSE:KWR) shares saw strong trading volume on Tuesday . 83,434 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 56,970 shares.The stock last traded at $102.36 and had previously closed at $100.50.
KWR has been the topic of a number of research analyst reports. Jefferies Group restated a “hold” rating on shares of Quaker Chemical Corp. in a report on Sunday, July 17th. Zacks Investment Research lowered shares of Quaker Chemical Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Finally, Seaport Global Securities lowered shares of Quaker Chemical Corp. from an “accumulate” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a report on Monday, May 2nd.
The company has a 50 day moving average price of $97.21 and a 200 day moving average price of $88.18. The company has a market cap of $1.34 billion and a price-to-earnings ratio of 24.95.
Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.02. During the same period last year, the firm posted $1.15 earnings per share. The company had revenue of $186.91 million for the quarter, compared to the consensus estimate of $187.77 million. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts predict that Quaker Chemical Corp. will post $4.56 EPS for the current year.
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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