Neenah (NYSE:NP) Hits New 52-Week Low at $31.43

Neenah, Inc. (NYSE:NPGet Rating) shares reached a new 52-week low on Thursday . The company traded as low as $31.43 and last traded at $31.55, with a volume of 1402 shares trading hands. The stock had previously closed at $32.12.

Separately, StockNews.com started coverage on shares of Neenah in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

The company has a current ratio of 2.01, a quick ratio of 1.22 and a debt-to-equity ratio of 1.55. The business’s 50 day moving average is $37.49 and its two-hundred day moving average is $41.18. The company has a market cap of $530.73 million, a PE ratio of -19.59 and a beta of 1.49.

Neenah (NYSE:NPGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.63 EPS for the quarter. The business had revenue of $284.80 million for the quarter. Neenah had a negative net margin of 2.53% and a positive return on equity of 11.06%.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Shareholders of record on Friday, May 13th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 6.01%. The ex-dividend date was Thursday, May 12th. Neenah’s payout ratio is currently -115.85%.

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC raised its position in shares of Neenah by 58.2% during the 1st quarter. Signaturefd LLC now owns 949 shares of the basic materials company’s stock valued at $38,000 after buying an additional 349 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Neenah by 43.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,518 shares of the basic materials company’s stock valued at $60,000 after buying an additional 459 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Neenah by 77.5% during the 1st quarter. Captrust Financial Advisors now owns 1,805 shares of the basic materials company’s stock valued at $72,000 after buying an additional 788 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Neenah during the 4th quarter valued at about $209,000. Finally, Jane Street Group LLC purchased a new stake in shares of Neenah during the 1st quarter valued at about $243,000. Institutional investors and hedge funds own 93.37% of the company’s stock.

Neenah Company Profile (NYSE:NP)

Neenah, Inc, a specialty materials company, engages in the performance-based technical products, and fine paper and packaging products businesses in North America, Germany, Spain, and rest of Europe. Its Technical Products segment offers filtration media for transportation, water, and other end use applications; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.

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