After finishing at $2.12 in the prior trading day, Glatfelter Corporation (NYSE: GLT) closed at $2.00, down -5.66%. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 1108587 shares were traded.
Ratios:
Our goal is to gain a better understanding of GLT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 3.37 whereas as Long-Term Debt/Eq ratio is at 3.32.
On April 20, 2021, BMO Capital Markets Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $21 to $19.
BMO Capital Markets Upgraded its Market Perform to Outperform on May 05, 2017, whereas the target price for the stock was revised from $23 to $24.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 26 ’23 when CARLSON CAPITAL L P bought 50,000 shares for $1.60 per share. The transaction valued at 80,000 led to the insider holds 7,176,000 shares of the business.
CARLSON CAPITAL L P bought 25,000 shares of GLT for $38,698 on Oct 25 ’23. The 10% Owner now owns 7,126,000 shares after completing the transaction at $1.55 per share. On Oct 24 ’23, another insider, CARLSON CAPITAL L P, who serves as the 10% Owner of the company, bought 75,000 shares for $1.54 each. As a result, the insider paid 115,320 and bolstered with 7,101,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLT now has a Market Capitalization of 95.71M and an Enterprise Value of 910.83M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 0.66 whereas that against EBITDA is 16.01.
Stock Price History:
Over the past 52 weeks, GLT has reached a high of $4.59, while it has fallen to a 52-week low of $1.25. The 50-Day Moving Average of the stock is 1.8292, while the 200-Day Moving Average is calculated to be 2.1694.
Shares Statistics:
The stock has traded on average 1.53M shares per day over the past 3-months and 415.38k shares per day over the last 10 days, according to various share statistics. A total of 45.09M shares are outstanding, with a floating share count of 43.24M. Insiders hold about 4.23% of the company’s shares, while institutions hold 77.47% stake in the company. Shares short for GLT as of Feb 15, 2024 were 2.89M with a Short Ratio of 1.89, compared to 1.52M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.42% and a Short% of Float of 7.51%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.08.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
