Oil-Dri Corporation Of America (NYSE:ODC) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Oil-Dri Corporation Of America (NYSE:ODC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $83.02 and traded as high as $86.39. Oil-Dri Corporation Of America shares last traded at $85.65, with a volume of 91,738 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Up 0.3%

The firm has a 50-day moving average of $93.54 and a 200 day moving average of $83.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.28 and a quick ratio of 2.40. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.62 and a beta of 0.77.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Oil-Dri Corporation Of America during the second quarter worth $84,762,000. Needham Investment Management LLC grew its position in shares of Oil-Dri Corporation Of America by 10.7% in the 4th quarter. Needham Investment Management LLC now owns 635,000 shares of the specialty chemicals company’s stock valued at $31,077,000 after acquiring an additional 61,500 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at about $11,267,000. Bard Associates Inc. acquired a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth about $10,071,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth about $9,575,000. 49.01% of the stock is owned by institutional investors.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America develops, manufactures and markets absorbent mineral products for consumer and business customers. Its products are based primarily on attapulgite and other clay minerals and are designed to absorb liquids, control odors and improve handling in a range of applications.

The company’s consumer products include cat litter and related pet-care products sold under brands such as Cat’s Pride and Jonny Cat. Oil-Dri also supplies absorbent products used in industrial, automotive, agricultural, sports and other commercial applications, including products for fluid cleanup, waste management, turf maintenance and animal care.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois, and serves customers through retail, industrial and agricultural markets in the United States and selected international markets.