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

Shares of Glatfelter Co. (NYSE:GLT) crossed 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 Performance

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 company’s fifty day moving average is $1.99 and its 200 day moving average is $1.73. The company 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 released its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter. Glatfelter had a negative net margin of 5.71% and a negative return on equity of 14.04%. The business had revenue of $320.38 million for the quarter.

Hedge Funds Weigh In On Glatfelter

Several institutional investors and hedge funds have recently made changes to their positions in GLT. Point72 Middle East FZE purchased a new stake in Glatfelter during the 4th quarter valued at $25,000. Aristeia Capital LLC purchased a new stake in Glatfelter during the 3rd quarter valued at $27,000. Algert Global LLC purchased a new stake in Glatfelter during the 4th quarter valued at $33,000. American Century Companies Inc. purchased a new stake in Glatfelter during the 1st quarter valued at $36,000. Finally, Teton Advisors Inc. boosted its position in Glatfelter by 80.0% during the 3rd 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 during the period. Institutional investors own 76.92% of the company’s stock.

Glatfelter Company Profile

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.