The stock of Albemarle Corp (NYSE:ALB) last traded at $64.20, up 3.05% from the previous session.
ALB stock price is now 9.05% away from the 50-day moving average and -22.17% away from the 200-day moving average. The market capitalization of the company currently stands at $7.55B.
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 $4.73 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 0.57% 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 $118.80. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.11, and a quick ratio of 1.26. The net profit margin was -25.67% and return on equity was -10.58% for ALB.
