Ferro Corporation (FOE) : Traders are bullish on Ferro Corporation (FOE) as it has outperformed the S&P 500 by a wide margin of 1.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.89% in the last 1 week, and is up 1.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.37% and the 50-Day Moving Average is 1.62%.The 200 Day SMA reached 12.32%. Ferro Corporation has dropped 5.6% during the last 3-month period . Year-to-Date the stock performance stands at 21.22%.
Ferro Corporation (NYSE:FOE): After opening at $13.48, the stock dipped to an intraday low of $13.36 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.56 and the buying power remained strong till the end. The stock closed at $13.48 for the day, a gain of 0.97% for the day session. The total traded volume was 250,699. The stocks close on the previous trading day was $13.35.
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.