Sociedad Química y Minera de Chile (NYSE:SQM) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.69 and traded as high as $39.05. Sociedad Química y Minera de Chile shares last traded at $38.91, with a volume of 543,857 shares.

Wall Street Analysts Forecast Growth

SQM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. Scotiabank dropped their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. lowered Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $55.00 to $44.00 in a report on Friday, October 11th. Finally, StockNews.com raised Sociedad Química y Minera de Chile to a "sell" rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Stock Up 3.0 %

The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of -36.10 and a beta of 1.03. The firm's 50-day moving average price is $38.17 and its 200 day moving average price is $38.69.

Institutional Trading of Sociedad Química y Minera de Chile

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Sociedad Química y Minera de Chile by 1,076.3% in the 3rd quarter. FMR LLC now owns 18,726 shares of the basic materials company's stock valued at $781,000 after acquiring an additional 17,134 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Sociedad Química y Minera de Chile by 15.7% during the third quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company's stock valued at $6,337,000 after purchasing an additional 20,616 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Sociedad Química y Minera de Chile by 4.9% during the second quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company's stock worth $17,050,000 after purchasing an additional 19,649 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Sociedad Química y Minera de Chile in the third quarter valued at approximately $1,116,000. Finally, Dimensional Fund Advisors LP raised its holdings in Sociedad Química y Minera de Chile by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company's stock valued at $19,921,000 after buying an additional 13,756 shares during the last quarter. Institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.