Stella-Jones (OTCMKTS:STLJF) Sees Unusually-High Trading Volume – Here’s What Happened

Stella-Jones Inc. (OTCMKTS:STLJF) saw strong trading volume on Friday . 7,936 shares traded hands during mid-day trading, an increase of 227% from the previous session’s volume of 2,428 shares.The stock last traded at $68.99 and had previously closed at $68.47.

Analyst Ratings Changes

Separately, Scotiabank raised Stella-Jones from a “sector perform” rating to an “outperform” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Stella-Jones Trading Up 0.8%

The company’s 50-day simple moving average is $66.34 and its 200 day simple moving average is $61.07.

Stella-Jones (OTCMKTS:STLJF) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.09). The firm had revenue of $529.37 million during the quarter, compared to the consensus estimate of $554.50 million.

Stella-Jones Company Profile

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.