According to Zacks, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis. “
NYSE FOE opened at $20.82 on Wednesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 11.13 and a beta of 1.55. Ferro has a 52-week low of $12.49 and a 52-week high of $22.00. The firm has a 50-day moving average price of $20.57 and a 200 day moving average price of $20.16. The company has a quick ratio of 1.21, a current ratio of 2.01 and a debt-to-equity ratio of 0.69.
A number of institutional investors have recently modified their holdings of FOE. Acadian Asset Management LLC purchased a new position in Ferro in the first quarter valued at about $26,000. C M Bidwell & Associates Ltd. purchased a new position in Ferro in the second quarter valued at about $49,000. O Shaughnessy Asset Management LLC purchased a new position in Ferro in the second quarter valued at about $82,000. Sphinx Trading LP purchased a new position in Ferro in the third quarter valued at about $83,000. Finally, Russell Investments Group Ltd. purchased a new position in Ferro in the first quarter valued at about $92,000.
Ferro Company Profile
Ferro Corp. engages in the business of manufacturing specialty materials. Its products include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses and other specialty coatings. The company was founded by Harry D.
Featured Story: What are the reasons investors use put options?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ferro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferro and related companies with MarketBeat.com's FREE daily email newsletter.