Forterra Inc (NASDAQ:FRTA)’s share price was down 7% during trading on Wednesday . The company traded as low as $9.69 and last traded at $9.95. Approximately 861,446 shares were traded during trading, an increase of 0% from the average daily volume of 858,521 shares. The stock had previously closed at $10.70.

A number of equities analysts have recently commented on FRTA shares. Zacks Investment Research raised Forterra from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine cut Forterra from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Royal Bank of Canada reissued a “hold” rating and set a $3.50 price target on shares of Forterra in a report on Tuesday, October 10th. Citigroup boosted their price target on Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, Barclays boosted their price target on Forterra from $4.00 to $7.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $11.36.

The company has a debt-to-equity ratio of 15.19, a quick ratio of 1.43 and a current ratio of 2.56.

A number of hedge funds have recently modified their holdings of the stock. Capital World Investors bought a new stake in Forterra during the 2nd quarter worth $25,249,000. Frontier Capital Management Co. LLC bought a new stake in Forterra during the 3rd quarter worth $9,813,000. Vanguard Group Inc. grew its position in Forterra by 11.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,639,962 shares of the construction company’s stock worth $13,497,000 after acquiring an additional 166,558 shares during the last quarter. Redwood Capital Management LLC bought a new stake in Forterra during the 2nd quarter worth $7,700,000. Finally, First Trust Advisors LP bought a new stake in Forterra during the 3rd quarter worth $4,129,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

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About Forterra

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