OMNOVA Solutions (OMN) Reaches New 52-Week High and Low at $11.70

OMNOVA Solutions Inc. (NYSE:OMN)’s share price hit a new 52-week high and low during trading on Tuesday . The company traded as low as $11.70 and last traded at $11.57, with a volume of 30542 shares trading hands. The stock had previously closed at $11.45.

OMN has been the topic of a number of research reports. ValuEngine raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of OMNOVA Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.67.

The company has a current ratio of 2.03, a quick ratio of 1.31 and a debt-to-equity ratio of 6.66. The company has a market cap of $497.39, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.66 and a beta of 2.07.

OMNOVA Solutions (NYSE:OMN) last issued its earnings results on Wednesday, March 28th. The specialty chemicals company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. OMNOVA Solutions had a negative net margin of 10.67% and a positive return on equity of 32.70%. The business had revenue of $178.70 million for the quarter, compared to the consensus estimate of $174.65 million. During the same quarter last year, the firm posted $0.05 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts anticipate that OMNOVA Solutions Inc. will post 0.67 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Weber Alan W grew its holdings in OMNOVA Solutions by 1.3% during the 4th quarter. Weber Alan W now owns 447,500 shares of the specialty chemicals company’s stock valued at $4,475,000 after purchasing an additional 5,600 shares in the last quarter. Teton Advisors Inc. grew its holdings in OMNOVA Solutions by 3.1% during the 4th quarter. Teton Advisors Inc. now owns 268,000 shares of the specialty chemicals company’s stock valued at $2,680,000 after purchasing an additional 8,000 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in OMNOVA Solutions by 2.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 337,769 shares of the specialty chemicals company’s stock valued at $3,699,000 after purchasing an additional 8,235 shares in the last quarter. Wells Fargo & Company MN grew its holdings in OMNOVA Solutions by 18.5% during the 4th quarter. Wells Fargo & Company MN now owns 96,323 shares of the specialty chemicals company’s stock valued at $963,000 after purchasing an additional 15,045 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in OMNOVA Solutions during the 4th quarter valued at $156,000. 89.44% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “OMNOVA Solutions (OMN) Reaches New 52-Week High and Low at $11.70” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2018/04/17/omnova-solutions-omn-reaches-new-52-week-high-and-low-at-11-70.html.

About OMNOVA Solutions

OMNOVA Solutions Inc provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company operates in two segments, Specialty Solutions and Performance Materials. The Specialty Solutions segment designs, develops, produces, and markets specialty polymers which are used in various applications, such as architectural and industrial coatings; nonwovens used in hygiene products, filtration, and construction; drilling additives for oil and gas drilling, cementing, and fracking; elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles; tapes and adhesives; sports surfaces; textile finishes; commercial building refurbishment; new construction; residential cabinets; flooring; ceiling tiles; furnishings; manufactured housing; health care patient; common area furniture; and various industrial films applications.

Receive News & Ratings for OMNOVA Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMNOVA Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply