Shares of Ferro Corporation (NYSE:FOE) traded today at $17.82, eclipsing its 52-week high. So far today approximately 152,000 shares have been exchanged, as compared to an average 30-day volume of 384,000 shares.
Based on a current price of $17.54, Ferro Corporation is currently 1.1% above its average consensus analyst price target of $17.34.
Ferro makes and distributes colorings and coatings for electronics, appliances, automobiles, ceramic tile, and architectural glass. The company operates in two segments: performance colors and glass, which provides coatings for use in manufacturing and production; and color solutions, which provides enamels and pigments used in the production of automobiles and glass products. The company’s most profitable segment is performance colors and glass. Ferro operates globally, with the majority of revenue coming from Europe and the United States.
Over the past year, Ferro Corporation has traded in a range of $7.52 to $17.82 and is now at $17.54, 133% above that low.
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