Quaker Chemical Corp. (KWR) Sees Unusually-High Trading Volume
Quaker Chemical Corp. (NYSE:KWR) saw an uptick in trading volume on Tuesday . 83,434 shares changed hands during 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.
Several brokerages recently issued reports on KWR. Jefferies Group reiterated a “hold” rating on shares of Quaker Chemical Corp. in a report on Sunday, July 17th. Zacks Investment Research upgraded Quaker Chemical Corp. from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Tuesday, July 5th.
The stock’s 50 day moving average is $97.38 and its 200 day moving average is $88.26. The firm has a market cap of $1.32 billion and a P/E ratio of 24.542.
Quaker Chemical Corp. (NYSE:KWR) last announced its earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. The company earned $186.91 million during the quarter, compared to analyst estimates of $187.77 million. Quaker Chemical Corp.’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. On average, 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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