Balchem Co. (NASDAQ:BCPC)’s share price reached a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $89.32 and last traded at $88.95, with a volume of 34912 shares. The stock had previously closed at $88.00.
Separately, BidaskClub raised shares of Balchem from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 11th.
The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.84. The firm has a market capitalization of $2,775.00, a PE ratio of 34.10 and a beta of 0.93.
Balchem (NASDAQ:BCPC) last posted its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. The firm had revenue of $159.26 million for the quarter. Balchem had a net margin of 15.14% and a return on equity of 14.16%.
Several large investors have recently modified their holdings of BCPC. SeaCrest Wealth Management LLC purchased a new position in shares of Balchem in the 4th quarter worth about $113,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Balchem by 158.3% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,206 shares of the basic materials company’s stock worth $179,000 after buying an additional 1,352 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Balchem in the 4th quarter worth about $286,000. Meadow Creek Investment Management LLC boosted its holdings in shares of Balchem by 23.0% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,340 shares of the basic materials company’s stock worth $350,000 after buying an additional 812 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of Balchem by 21.9% in the 4th quarter. Profund Advisors LLC now owns 4,829 shares of the basic materials company’s stock worth $389,000 after buying an additional 869 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors.
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Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.
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