Glatfelter (NYSE:GLT) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Shares of Glatfelter Co. (NYSE:GLT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.64 and traded as high as $1.71. Glatfelter shares last traded at $1.70, with a volume of 46,826 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Glatfelter from a "sell" rating to a "hold" rating in a research note on Friday, August 9th.

Glatfelter Price Performance

The company has a debt-to-equity ratio of 4.19, a current ratio of 2.21 and a quick ratio of 1.06. The company's 50 day moving average is $1.70 and its 200 day moving average is $1.64. The stock has a market cap of $78.74 million, a price-to-earnings ratio of -0.84 and a beta of 1.74.

Glatfelter (NYSE:GLT - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.25) EPS for the quarter. Glatfelter had a negative net margin of 5.44% and a negative return on equity of 16.21%. The company had revenue of $329.44 million during the quarter.

Insider Activity at Glatfelter

In other Glatfelter news, major shareholder Carlson Capital, L.P. sold 50,000 shares of Glatfelter stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $1.82, for a total transaction of $91,000.00. Following the completion of the transaction, the insider now owns 4,655,691 shares in the company, valued at approximately $8,473,357.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.59% of the company's stock.

Hedge Funds Weigh In On Glatfelter

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD acquired a new position in Glatfelter during the first quarter worth about $30,000. Ground Swell Capital LLC purchased a new stake in shares of Glatfelter during the second quarter worth about $38,000. Cowen AND Company LLC grew its holdings in shares of Glatfelter by 230.0% during the second quarter. Cowen AND Company LLC now owns 33,000 shares of the basic materials company's stock worth $46,000 after buying an additional 23,000 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Glatfelter by 138.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,348 shares of the basic materials company's stock worth $55,000 after buying an additional 15,855 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of Glatfelter during the first quarter worth about $80,000. Institutional investors and hedge funds own 76.92% of the company's stock.

About Glatfelter

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.