Stocks of Albemarle Corp (NYSE:ALB) traded higher last session on Wall Street, up 19.13% to $60.47.
ALB stock price is now -20.12% away from the 50-day moving average and -32.28% away from the 200-day moving average. The market capitalization of the company currently stands at $7.11B.
On January 28, 2025, Truist recently initiated its ‘Hold’ rating on the stock quoting a target price of $96, while ‘Clarksons Platou’ rates the stock as ‘Buy’
In other news, Masters J Kent, Chairman & CEO sold 2,525 shares of the company’s stock on Dec 05 ’24. The stock was sold for $255,328 at an average price of $101.12. Upon completion of the transaction, the Chairman & CEO now directly owns 73,747 shares in the company, valued at $4.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Officer Jerry Kent Masters Jr. bought 2,525 shares of the business’s stock. A total of $259,090 was incurred on buying the stock at an average price of $102.61. A total of 0.56% of the company’s stock is owned by insiders.
During the past 12 months, Albemarle Corp has had a low of $49.43 and a high of $137.50. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.95, and a quick ratio of 1.19. The fifty day moving average price for ALB is $75.7036 and a two-hundred day moving average price translates $89.2883 for the stock.
The latest earnings results from Albemarle Corp (NYSE: ALB) was released for 2024-12-31. The net profit margin was -24.47% and return on equity was -12.18% for ALB. The company reported revenue of $1.23 billion for the quarter, compared to $2.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -47.72 percent.
