Atkore (NYSE:ATKR - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 21st. Analysts expect the company to announce earnings of $2.08 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.
Atkore Stock Performance
Shares of NYSE ATKR traded down $1.77 during midday trading on Thursday, reaching $90.71. 426,161 shares of the stock were exchanged, compared to its average volume of 618,464. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 6.49 and a beta of 2.13. Atkore has a twelve month low of $80.11 and a twelve month high of $194.98. The firm has a 50-day simple moving average of $87.32 and a two-hundred day simple moving average of $117.26. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49.
Insider Activity at Atkore
In related news, insider Mark F. Lamps sold 500 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the transaction, the insider now directly owns 27,626 shares of the company's stock, valued at $2,667,290.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.56% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on ATKR shares. Loop Capital dropped their price target on shares of Atkore from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. B. Riley dropped their price target on shares of Atkore from $183.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada cut shares of Atkore from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $175.00 to $100.00 in a research note on Wednesday, August 7th. Finally, KeyCorp lowered their target price on shares of Atkore from $125.00 to $105.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.60.
Read Our Latest Report on Atkore
About Atkore
(
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Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.
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