Glatfelter (NYSE:GLT) Stock Price Crosses Above Two Hundred Day Moving Average of $1.73

Shares of Glatfelter Co. (NYSE:GLT) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.73 and traded as high as $1.75. Glatfelter shares last traded at $1.67, with a volume of 532,460 shares changing hands.

Glatfelter Stock Down 6.3 %

The firm’s fifty day moving average is $1.99 and its 200 day moving average is $1.73. The company has a current ratio of 2.16, a quick ratio of 1.10 and a debt-to-equity ratio of 3.32. The stock has a market cap of $67.88 million, a P/E ratio of -0.85 and a beta of 1.69.

Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $320.38 million for the quarter. Glatfelter had a negative return on equity of 14.04% and a negative net margin of 5.71%.

Institutional Trading of Glatfelter

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Middle East FZE acquired a new position in Glatfelter in the fourth quarter valued at about $25,000. Aristeia Capital LLC acquired a new position in Glatfelter in the third quarter valued at about $27,000. Algert Global LLC acquired a new position in Glatfelter in the fourth quarter valued at about $33,000. American Century Companies Inc. acquired a new position in Glatfelter in the first quarter valued at about $36,000. Finally, Teton Advisors Inc. boosted its position in Glatfelter by 80.0% in the third quarter. Teton Advisors Inc. now owns 18,000 shares of the basic materials company’s stock valued at $36,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 76.92% of the company’s stock.

About Glatfelter

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.