Platform Specialty Products Corporation (NYSE:PAH) Director Martin E. Franklin purchased 164,467 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average cost of $9.57 per share, for a total transaction of $1,573,949.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Platform Specialty Products Corporation (PAH) traded up $0.30 during midday trading on Thursday, reaching $11.49. 3,903,899 shares of the company’s stock were exchanged, compared to its average volume of 4,749,137. Platform Specialty Products Corporation has a 12 month low of $9.11 and a 12 month high of $14.82. The company has a market cap of $3,210.00, a PE ratio of -23.94, a price-to-earnings-growth ratio of 0.92 and a beta of 3.07. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.55 and a current ratio of 2.05.
Platform Specialty Products (NYSE:PAH) last released its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Platform Specialty Products had a positive return on equity of 7.45% and a negative net margin of 4.12%. The firm had revenue of $904.30 million for the quarter, compared to the consensus estimate of $912.19 million. During the same quarter in the previous year, the business posted $0.14 EPS. Platform Specialty Products’s revenue was up 1.5% on a year-over-year basis. sell-side analysts predict that Platform Specialty Products Corporation will post 0.77 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine downgraded shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Credit Suisse Group assumed coverage on shares of Platform Specialty Products in a report on Wednesday, November 15th. They issued a “neutral” rating and a $12.00 price objective on the stock. SunTrust Banks reissued a “buy” rating and issued a $15.00 price objective on shares of Platform Specialty Products in a report on Friday, November 3rd. Finally, Barclays dropped their price objective on shares of Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Platform Specialty Products currently has an average rating of “Hold” and an average target price of $13.50.
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About Platform Specialty Products
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.
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