Intrepid Potash, Inc. (NYSE:IPI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.82 and traded as high as $24.24. Intrepid Potash shares last traded at $23.93, with a volume of 28,139 shares traded.
Intrepid Potash Price Performance
The stock's 50-day moving average is $23.77 and its 200-day moving average is $22.86. The stock has a market cap of $317.53 million, a price-to-earnings ratio of -7.08 and a beta of 2.19.
Intrepid Potash (NYSE:IPI - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.08). The company had revenue of $62.06 million during the quarter, compared to analyst estimates of $50.88 million. Intrepid Potash had a negative net margin of 19.19% and a negative return on equity of 2.02%. During the same quarter last year, the business earned $0.33 EPS. Analysts predict that Intrepid Potash, Inc. will post 0.15 EPS for the current fiscal year.
Hedge Funds Weigh In On Intrepid Potash
A number of hedge funds have recently made changes to their positions in IPI. Marquette Asset Management LLC purchased a new position in shares of Intrepid Potash in the 1st quarter valued at $144,000. Aristides Capital LLC purchased a new position in shares of Intrepid Potash in the 4th quarter valued at $245,000. Squarepoint Ops LLC purchased a new position in shares of Intrepid Potash in the 2nd quarter valued at $303,000. Principal Financial Group Inc. raised its stake in shares of Intrepid Potash by 28.3% in the 4th quarter. Principal Financial Group Inc. now owns 12,995 shares of the basic materials company's stock valued at $310,000 after acquiring an additional 2,864 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Intrepid Potash by 5.0% in the 2nd quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company's stock valued at $422,000 after acquiring an additional 861 shares during the period. Institutional investors and hedge funds own 56.13% of the company's stock.
About Intrepid Potash
(
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Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.
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