Ferro Corporation (FOE) : Analyst Rating Update

Ferro Corporation (FOE) : The consensus on Ferro Corporation (FOE) based on 7 analyst recommendation on the company stock is 1.29, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ferro Corporation (FOE) : The highest level Ferro Corporation (FOE) is projected to reach is $17 for the short term and the lowest estimate is at $13. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $15.33 and the possibility the share price can swing is $1.37.

Ferro Corporation (NYSE:FOE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.02 and $12.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.64, notching a gain of 4.44% for the day. The total traded volume was 1,597,783 . The stock had closed at $13.06 on the previous day.

The company shares have dropped -19.13% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $16.56 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $13.91 and the 200 Day Moving Average price is recorded at $11.68.

Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. It operates, approximately 33 facilities around the world that manufacture performance materials and performance chemicals. The Companys performance materials include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings. Ferro operates through four segments: Tile Coating Systems, Porcelain Enamel, Performance Colors and Glass, and Pigments, Powders and Oxides. Ferros products are used in a variety of product applications in markets including appliances, household furnishings, automobiles, industrial products, building and renovation, and packaging.

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