ICL Group (NYSE:ICL) Hits New 12-Month Low at $3.80

ICL Group Ltd (NYSE:ICL - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $3.80 and last traded at $3.80, with a volume of 648247 shares. The stock had previously closed at $3.92.

Analyst Upgrades and Downgrades

Separately, Barclays cut their target price on shares of ICL Group from $4.50 to $4.00 and set an "underweight" rating for the company in a research note on Friday, August 16th.

ICL Group Price Performance

The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 5.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. The business's 50-day simple moving average is $4.26 and its two-hundred day simple moving average is $4.60.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. Research analysts expect that ICL Group Ltd will post 0.36 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $0.037 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Wednesday, September 4th. ICL Group's payout ratio is 37.84%.

Hedge Funds Weigh In On ICL Group

Several large investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV raised its position in shares of ICL Group by 103.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company's stock worth $38,000 after buying an additional 3,612 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in ICL Group in the 1st quarter worth $54,000. Callan Capital LLC purchased a new stake in ICL Group during the first quarter valued at about $60,000. Greenleaf Trust bought a new stake in shares of ICL Group in the 1st quarter valued at about $63,000. Finally, Marshall Wace LLP purchased a new stake in shares of ICL Group during the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.

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