Trecora Resources (NYSE:TREC)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $9.28 and last traded at $9.39, with a volume of 1008 shares trading hands. The stock had previously closed at $9.42.
Several equities analysts have commented on TREC shares. Zacks Investment Research upgraded Trecora Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. TheStreet downgraded Trecora Resources from a “b” rating to a “c+” rating in a research report on Thursday, October 18th.
The company has a quick ratio of 1.39, a current ratio of 2.31 and a debt-to-equity ratio of 0.54. The stock has a market cap of $230.66 million, a P/E ratio of 36.23 and a beta of 1.58.
In related news, CEO Simon H. Upfill-Brown purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was bought at an average price of $9.38 per share, with a total value of $46,900.00. Following the completion of the purchase, the chief executive officer now owns 103,965 shares in the company, valued at approximately $975,191.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Peter Matthews Loggenberg purchased 3,945 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was bought at an average cost of $9.60 per share, with a total value of $37,872.00. Following the purchase, the insider now owns 30,969 shares of the company’s stock, valued at approximately $297,302.40. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of TREC. Price Capital Management Inc. acquired a new stake in shares of Trecora Resources in the third quarter valued at about $122,000. Acadian Asset Management LLC acquired a new stake in shares of Trecora Resources in the second quarter valued at about $378,000. First Trust Advisors LP acquired a new stake in shares of Trecora Resources in the third quarter valued at about $437,000. Teton Advisors Inc. acquired a new stake in shares of Trecora Resources in the third quarter valued at about $531,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Trecora Resources by 15.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,945 shares of the basic materials company’s stock valued at $609,000 after buying an additional 5,445 shares during the period. 48.69% of the stock is owned by institutional investors.
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Trecora Resources Company Profile (NYSE:TREC)
Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.
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