Ferro Corporation (FOE): Keep paying attention to its insider activity

Ferro Corporation (NYSE:FOE) saw an upside of 0.15% to close Friday at $20.37 after adding $0.03 on the day. The 5-day average trading volume is 404,620 shares of the company’s common stock. It has gained $20.55 in the past week and touched a new high 1 time within the past 5 days. An average of 405,900 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 488,178.

FOE’s 1-month performance is -2.86% or -$0.60 on its low of $20.21 reached on 09/30/21. The company’s shares have touched a 52-week low of $12.02 and high of $22.00, with the stock’s rally to the 52-week high happening on 05/11/21. YTD, FOE has achieved 39.23% or $5.74 and has reached a new high 13 times. However, the current price is down -7.41%% from the 52-week high price.

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Insider Transactions

On Feb 23, 221 days have gone by since the last insider trading activity for Ferro Corporation (FOE). Thomas Peter T (Chairman, President and CEO) most recently sold 11,313 shares at $15.47 per share on Feb 23. This transaction cost the insider $175,047. General Counsel, Duesenberg Mark Hugo, sold 15,854 shares at a price of $15.36 on Feb 23. Then, on Feb 19, General Counsel Duesenberg Mark Hugo sold 16,446 shares at a price of $15.51 per share. This transaction amounted to $254,997.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 215.14 and a low of 10.28. FOE stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.56 while the price-to-book (PB) in the most recent quarter is 3.34, with the price to cash flow ratio at 222.44.

Ferro Corporation’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 2.00 meaning that FOE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.70, while the total debt to equity was 0.72. In terms of profitability, the gross margin trailing 12 months is 31.30%The trailing 12-month EBITDA margin is 13.68% while for the period ending June 29; Ferro Corporation’s operating margin was 10.50%. The firm’s gross profit as reported stood at $293.76 million against revenue of $958.95 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Ferro Corporation’s return on assets over the past 12 months stands at 9.40%. Return on investment over the past year is 4.80%, while its return on equity (ROE) trailing 12 months is 34.60%. In comparison, the average ROE for the broader industry over the past year is 9.79.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FOE to announce $0.27 per share in earnings in its latest quarter, but it posted $0.35, representing a 29.60% surprise. EBITDA for the quarter stood at more than $42.56 million. FOE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 908.39 million, with total debt at $391.57 million. Shareholders hold equity totaling $82.7 million

Technical Picture

Let’s look briefly at Ferro Corporation (FOE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 36.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 3.73%.

The stock’s 5-day moving average is $20.36, reflecting a +0.05% or $0.01 change from its current price. FOE is currently trading -3.23% above its 20-day SMA, -6.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -2.72% and +46.13% respectively.

Stochastic %K and %D was 15.62% and 11.18% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 39.10%, while the 14-day stochastic is at 22.54% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.01 and -0.11 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Ferro Corporation (NYSE: FOE), Seaport Global Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock.


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