Ferro Corporation (FOE) has been under a strong bear grip, hence the stock is down -7.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4% in the past 1 week. The stock has risen by 3.93% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.21% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.62% and the 50-Day Moving Average is 5.44%. Ferro Corporation is up 1.73% in the last 3-month period. Year-to-Date the stock performance stands at 16.55%.
Ferro Corporation (NYSE:FOE): On Fridays trading session , Opening price of the stock was $12.93 with an intraday high of $12.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.7175. However, the stock managed to close at $12.96, a loss of 0.84% for the day. On the previous day, the stock had closed at $13.07. The total traded volume of the day was 1,144,196 shares.
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.