Ferro Co. (NYSE:FOE) CEO Peter T. Thomas sold 15,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $14.23, for a total value of $213,450.00. Following the completion of the transaction, the chief executive officer now directly owns 692,956 shares in the company, valued at approximately $9,860,763.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
FOE traded up $0.14 during mid-day trading on Friday, hitting $14.65. 423,798 shares of the stock were exchanged, compared to its average volume of 645,443. The firm’s fifty day moving average is $14.42 and its two-hundred day moving average is $13.00. Ferro Co. has a 1-year low of $9.73 and a 1-year high of $21.28. The company has a current ratio of 2.62, a quick ratio of 1.50 and a debt-to-equity ratio of 2.18. The company has a market cap of $1.18 billion, a PE ratio of 9.77, a PEG ratio of 3.12 and a beta of 2.18.
Ferro (NYSE:FOE) last posted its earnings results on Monday, November 11th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Ferro had a return on equity of 27.03% and a net margin of 3.13%. The firm had revenue of $365.73 million for the quarter, compared to analyst estimates of $371.34 million. As a group, research analysts anticipate that Ferro Co. will post 1.18 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in Ferro by 68.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,687 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 1,096 shares in the last quarter. Synovus Financial Corp acquired a new stake in Ferro in the 3rd quarter valued at about $139,000. SG Americas Securities LLC acquired a new stake in Ferro in the 3rd quarter valued at about $225,000. Jane Street Group LLC raised its position in Ferro by 7.5% in the 2nd quarter. Jane Street Group LLC now owns 14,349 shares of the specialty chemicals company’s stock valued at $227,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Paloma Partners Management Co raised its position in Ferro by 44.6% in the 2nd quarter. Paloma Partners Management Co now owns 26,956 shares of the specialty chemicals company’s stock valued at $426,000 after purchasing an additional 8,312 shares in the last quarter. 98.27% of the stock is currently owned by hedge funds and other institutional investors.
Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.
Read More: Treasury Bonds
Receive News & Ratings for Ferro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferro and related companies with MarketBeat.com's FREE daily email newsletter.