GCP Applied Technologies (NYSE:GCP) Reaches New 1-Year Low at $20.68

GCP Applied Technologies Inc (NYSE:GCP)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $20.68 and last traded at $20.75, with a volume of 87439 shares changing hands. The stock had previously closed at $21.19.

A number of analysts have recently commented on the company. ValuEngine lowered GCP Applied Technologies from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.75.

The stock has a market cap of $1.54 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.12 and a beta of 0.72. The firm’s fifty day moving average price is $22.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.64 and a quick ratio of 2.12.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $226.10 million during the quarter, compared to the consensus estimate of $241.63 million. GCP Applied Technologies had a net margin of 3.92% and a return on equity of 14.66%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share. Research analysts anticipate that GCP Applied Technologies Inc will post 1.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GCP. Private Capital Group LLC grew its position in shares of GCP Applied Technologies by 39.5% in the first quarter. Private Capital Group LLC now owns 1,511 shares of the construction company’s stock valued at $45,000 after purchasing an additional 428 shares during the last quarter. Marshall Wace LLP acquired a new stake in GCP Applied Technologies during the first quarter worth approximately $88,000. NumerixS Investment Technologies Inc acquired a new stake in GCP Applied Technologies during the first quarter worth approximately $94,000. Rockefeller Capital Management L.P. acquired a new stake in GCP Applied Technologies during the first quarter worth approximately $128,000. Finally, Pinnacle Associates Ltd. acquired a new stake in GCP Applied Technologies during the first quarter worth approximately $231,000. Institutional investors and hedge funds own 70.02% of the company’s stock.

About GCP Applied Technologies (NYSE:GCP)

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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