Covia (CVIA) Trading Up 7.4%

Covia Holdings (NASDAQ:CVIA)’s share price was up 7.4% during trading on Friday . The stock traded as high as $5.95 and last traded at $5.93. Approximately 833,098 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 565,134 shares. The stock had previously closed at $5.52.

Several equities analysts have recently commented on CVIA shares. Guggenheim restated a “neutral” rating on shares of Covia in a research report on Friday, July 6th. Royal Bank of Canada restated a “buy” rating and issued a $18.00 price objective on shares of Covia in a research report on Wednesday, August 15th. Credit Suisse Group lowered their price objective on Covia from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 15th. Cowen restated a “buy” rating and issued a $19.00 price objective on shares of Covia in a research report on Thursday, August 16th. Finally, KeyCorp restated a “buy” rating and issued a $21.00 price objective on shares of Covia in a research report on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.22.

Covia (NASDAQ:CVIA) last issued its earnings results on Tuesday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.62). The firm had revenue of $508.42 million during the quarter, compared to analysts’ expectations of $595.59 million. During the same quarter last year, the business earned $0.25 earnings per share. The company’s revenue was up 56.9% on a year-over-year basis.



Several hedge funds have recently modified their holdings of CVIA. Viking Fund Management LLC bought a new stake in shares of Covia in the second quarter worth about $668,000. Exane Derivatives bought a new stake in shares of Covia in the second quarter worth about $358,000. James Investment Research Inc. bought a new stake in shares of Covia in the second quarter worth about $1,251,000. Perella Weinberg Partners Capital Management LP bought a new stake in shares of Covia in the second quarter worth about $4,621,000. Finally, Sterling Investment Advisors Ltd. bought a new stake in shares of Covia in the second quarter worth about $111,000.

About Covia (NASDAQ:CVIA)

There is no company description available for Covia Holdings Corp.

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