Compass Minerals International (NYSE:CMP) Shares Gap Up - What's Next?

Compass Minerals International, Inc. (NYSE:CMP - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $12.06, but opened at $12.65. Compass Minerals International shares last traded at $12.19, with a volume of 609,430 shares changing hands.

Analyst Ratings Changes

CMP has been the topic of several recent research reports. StockNews.com raised shares of Compass Minerals International to a "sell" rating in a report on Wednesday, September 18th. BMO Capital Markets reissued a "market perform" rating and set a $20.00 price target on shares of Compass Minerals International in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $31.00.

Compass Minerals International Price Performance

The business's 50 day moving average is $10.32 and its 200-day moving average is $11.88. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $503.45 million, a P/E ratio of -5.83, a PEG ratio of 1.16 and a beta of 1.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CMP. Alpha Omega Wealth Management LLC increased its holdings in shares of Compass Minerals International by 13.3% during the third quarter. Alpha Omega Wealth Management LLC now owns 65,539 shares of the basic materials company's stock worth $788,000 after buying an additional 7,673 shares in the last quarter. SG Americas Securities LLC bought a new position in Compass Minerals International during the third quarter worth $153,000. Point72 DIFC Ltd raised its position in shares of Compass Minerals International by 145.1% in the 2nd quarter. Point72 DIFC Ltd now owns 13,713 shares of the basic materials company's stock worth $142,000 after acquiring an additional 8,118 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Compass Minerals International in the second quarter worth approximately $46,000. Finally, SW Investment Management LLC acquired a new position in shares of Compass Minerals International during the 2nd quarter valued at $3,099,000. Institutional investors own 99.78% of the company's stock.

About Compass Minerals International

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.