News headlines about Platform Specialty Products (NYSE:PAH) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Platform Specialty Products earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 48.0129942728609 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s rankings:
- Platform Specialty Products Corp (PAH) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Technical Perspectives on Specialty Chemicals Stocks — Kronos Worldwide, LyondellBasell Industries, Platform Specialty Products, and PolyOne (bizjournals.com)
- Platform Specialty Products Corporation (NYSE:PAH) – Intraday Trade Secrets – Nasdaq Journal (nasdaqjournal.com)
- Hot Stock in Focus – Platform Specialty Products Corporation (NYSE: PAH) – Alpha Beta Stock (alphabetastock.com)
- High-beta stock produce higher return: Platform Specialty Products Corporation (PAH) – Wallstreet Investorplace (wallstreetinvestorplace.com)
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Platform Specialty Products currently has an average rating of “Hold” and a consensus target price of $14.43.
Shares of Platform Specialty Products (PAH) opened at $10.67 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.69 and a current ratio of 2.14. The firm has a market capitalization of $3,035.82, a price-to-earnings ratio of -10.36, a P/E/G ratio of 0.76 and a beta of 3.18. Platform Specialty Products has a 12 month low of $9.11 and a 12 month high of $14.82.
Platform Specialty Products (NYSE:PAH) last issued its quarterly earnings data on Tuesday, February 27th. The specialty chemicals company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $978.56 million. Platform Specialty Products had a positive return on equity of 7.69% and a negative net margin of 7.84%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. analysts anticipate that Platform Specialty Products will post 0.99 earnings per share for the current fiscal year.
In related news, insider Diego Lopez Casanello acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost of $9.91 per share, for a total transaction of $39,640.00. Following the purchase, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $148,650. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin E. Franklin acquired 500,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of $9.66 per share, with a total value of $4,830,000.00. The disclosure for this purchase can be found here. Corporate insiders own 5.20% of the company’s stock.
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About Platform Specialty Products
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.
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