Shares of Forterra Inc (NASDAQ:FRTA) were up 5.3% on Friday . The company traded as high as $7.48 and last traded at $7.38. Approximately 545,512 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 775,758 shares. The stock had previously closed at $7.01.

A number of analysts recently weighed in on FRTA shares. Zacks Investment Research downgraded Forterra from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Goldman Sachs Group downgraded Forterra from a “neutral” rating to a “sell” rating and set a $21.00 target price for the company. in a research report on Tuesday, January 30th. Royal Bank of Canada restated a “hold” rating and issued a $9.00 target price on shares of Forterra in a research report on Wednesday, November 15th. Stephens restated an “equal weight” rating and issued a $9.00 target price (up previously from $4.00) on shares of Forterra in a research report on Wednesday, November 15th. Finally, BidaskClub downgraded Forterra from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.69.

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

Forterra (NASDAQ:FRTA) last announced its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.20). Forterra had a negative net margin of 5.97% and a negative return on equity of 69.57%. equities analysts expect that Forterra Inc will post -0.42 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in FRTA. Schwab Charles Investment Management Inc. lifted its position in Forterra by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,072 shares of the construction company’s stock valued at $561,000 after purchasing an additional 418 shares during the last quarter. Rhumbline Advisers lifted its position in Forterra by 28.7% in the second quarter. Rhumbline Advisers now owns 19,598 shares of the construction company’s stock valued at $161,000 after purchasing an additional 4,365 shares during the last quarter. Swiss National Bank bought a new stake in Forterra in the second quarter valued at approximately $264,000. Alliancebernstein L.P. bought a new stake in Forterra in the second quarter valued at approximately $331,000. Finally, Teachers Advisors LLC lifted its position in Forterra by 6.2% in the second quarter. Teachers Advisors LLC now owns 36,867 shares of the construction company’s stock valued at $303,000 after purchasing an additional 2,162 shares during the last quarter.

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About Forterra

Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.

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