Tuesday Morning Corporation (NASDAQ:TUES) had a decrease of 1.38% in short interest.
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In other Axalta Coating Systems news, VP Sean M. Lannon sold 4,340 shares of Axalta Coating Systems stock in a transaction on Monday, May 15th.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company's stock worth $146,000 after acquiring an additional 703 shares during the last quarter. Acrospire Investment Management LLC lifted its position in shares of Axalta Coating Systems by 257.0% during the 2nd quarter. However, the volume average of the last three months is 0.2 million shares.
06/21/2017 - Axalta Coating Systems Ltd. was downgraded to "underperform" by analysts at Bank of America Merrill Lynch. Whereas, in last 21 trading days (one month) was moved up -1.72% and reduced in last 63 trading days (quarter) of -13.66%. Gabelli initiated Axalta Coating Systems Ltd (NYSE:AXTA) on Thursday, September 1 with "Buy" rating. If you are reading this news story on another publication, it was stolen and reposted in violation of global trademark and copyright legislation.
Investors are feeling more bearish on Axalta Coating Systems Ltd. recently as shown by the uptick in short interest.
The share price of Axalta Coating Systems Ltd. (NYSE:AXTA) was down -3.10% during the last trading session, with a day high of 0.00. The value of the total investment in Axalta Coating Systems Ltd. went from $7,772,000 to $7,066,000 a change of $706,000 since the last quarter.
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The P/E ratio is 2898.00 and the market cap is 7.05B. Comparatively, AXTA posted earnings of $0.39 per share in the same quarter, a year earlier. Its sales stood at -1.00% a year on average in the period of last five years. Finally, Russell Investments Group Ltd. bought a new stake in shares of Axalta Coating Systems during the fourth quarter worth $312,000. The company's quarterly revenue was up 2.3% compared to the same quarter previous year.
10 analysts on average are expecting the company to report revenue of $1.15 Billion for the current quarter.
In related news, EVP Steven R. Markevich sold 160,000 shares of the company's stock in a transaction on Friday, September 1st. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings. Following the completion of the purchase, the director now owns 4,000 shares of the company's stock, valued at approximately $112,640. The disclosure for this sale can be found here.
ROA ratio indicates how profitable a company is relative to its total assets.
How has the stock performed recently?
In terms of Axalta Coating Systems Ltd. (AXTA) stock price comparison to its moving averages, shares of company are 1.25% away from the 50-day moving average and 1.51% away from 20-day average. RBC Capital Markets has "Buy" rating and $3400 target. The stock has "Overweight" rating by JP Morgan on Friday, August 4. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. $33.31's average target is 15.18% above currents $28.92 stock price. The Company develops, markets and supplies a portfolio of coatings systems and color matching technologies.
Axalta Coating Systems Ltd. (AXTA) has the market capitalization of $6.84 Billion. It provides a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications.
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