Compass Minerals International (NYSE:CMP) Shares Pass Above 200 Day Moving Average - Time to Sell?

Compass Minerals International, Inc. (NYSE:CMP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.78 and traded as high as $13.12. Compass Minerals International shares last traded at $13.04, with a volume of 830,889 shares trading hands.

Wall Street Analyst Weigh In

CMP has been the topic of several analyst reports. StockNews.com upgraded Compass Minerals International to a "sell" rating in a report on Wednesday, September 18th. BMO Capital Markets reduced their target price on shares of Compass Minerals International from $20.00 to $18.00 and set a "market perform" rating on the stock in a research report on Wednesday, December 18th.

Compass Minerals International Stock Up 2.4 %

The stock has a market capitalization of $555.06 million, a P/E ratio of -3.27 and a beta of 1.21. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The stock's 50 day simple moving average is $12.95 and its 200 day simple moving average is $11.80.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings results on Monday, December 16th. The basic materials company reported ($0.77) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.82). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The company had revenue of $208.80 million for the quarter, compared to the consensus estimate of $323.61 million. During the same period in the previous year, the business posted $0.05 EPS. The business's revenue for the quarter was down 38.9% on a year-over-year basis. As a group, research analysts predict that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Trading of Compass Minerals International

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Compass Minerals International by 629.4% in the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company's stock worth $29,000 after purchasing an additional 2,077 shares during the last quarter. Tsfg LLC bought a new stake in Compass Minerals International in the fourth quarter valued at $28,000. Denver PWM LLC boosted its holdings in shares of Compass Minerals International by 33.8% during the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company's stock valued at $45,000 after acquiring an additional 946 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Compass Minerals International by 247.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company's stock worth $49,000 after acquiring an additional 2,928 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Compass Minerals International during the second quarter worth about $46,000. Institutional investors own 99.78% of the company's stock.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.