Stocks of Avantor Inc (NYSE:AVTR) traded higher last session on Wall Street, up 1.90% to $17.68.
AVTR stock price is now -16.78% away from the 50-day moving average and -23.57% away from the 200-day moving average. The market capitalization of the company currently stands at $12.04B.
With the price target reduced from $29 to $25, UBS Downgraded its rating from Buy to Neutral for Avantor Inc (NYSE: AVTR). On August 28, 2024, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $30, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Eck Steven W, SVP & Chief Accounting Officer sold 3,525 shares of the company’s stock on Sep 05 ’24. The stock was sold for $88,336 at an average price of $25.06. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 29,544 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Officer Eck Steven W bought 3,525 shares of the business’s stock. A total of $88,336 was incurred on buying the stock at an average price of $25.06. A total of 2.51% of the company’s stock is owned by insiders.
During the past 12 months, Avantor Inc has had a low of $17.19 and a high of $28.00. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 1.07, and a quick ratio of 0.70.
The net profit margin was 10.49% and return on equity was 12.69% for AVTR. The company reported revenue of $1.69 billion for the quarter, compared to $1.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.1 percent.