FutureFuel (NYSE:FF) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

FutureFuel Corp. (NYSE:FF) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.76 and traded as high as $4.65. FutureFuel shares last traded at $4.0940, with a volume of 899,578 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of FutureFuel in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

FutureFuel Price Performance

The business has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $3.76. The company has a market cap of $179.56 million, a PE ratio of -3.44 and a beta of 0.89.

FutureFuel (NYSE:FF) last issued its quarterly earnings data on Monday, May 11th. The energy company reported ($0.47) EPS for the quarter. FutureFuel had a negative net margin of 47.51% and a negative return on equity of 31.27%. The business had revenue of $31.95 million for the quarter.

FutureFuel Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, June 4th. FutureFuel’s dividend payout ratio is currently -21.43%.

Hedge Funds Weigh In On FutureFuel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FF. Empowered Funds LLC raised its stake in FutureFuel by 7.4% in the 1st quarter. Empowered Funds LLC now owns 250,502 shares of the energy company’s stock worth $977,000 after acquiring an additional 17,192 shares during the last quarter. Jane Street Group LLC grew its position in FutureFuel by 447.4% during the 1st quarter. Jane Street Group LLC now owns 61,481 shares of the energy company’s stock worth $240,000 after purchasing an additional 50,249 shares during the period. Geode Capital Management LLC grew its position in shares of FutureFuel by 10.7% during the 2nd quarter. Geode Capital Management LLC now owns 958,499 shares of the energy company’s stock valued at $3,720,000 after acquiring an additional 92,481 shares during the period. First Trust Advisors LP grew its position in shares of FutureFuel by 4.1% during the 2nd quarter. First Trust Advisors LP now owns 84,844 shares of the energy company’s stock valued at $329,000 after acquiring an additional 3,328 shares during the period. Finally, Marshall Wace LLP lifted its stake in FutureFuel by 56.3% in the 2nd quarter. Marshall Wace LLP now owns 96,306 shares of the energy company’s stock valued at $374,000 after buying an additional 34,688 shares in the last quarter. Hedge funds and other institutional investors own 44.56% of the company’s stock.

About FutureFuel

FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company’s manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.