|We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.|
I noticed this stock making big moves on October 24. Checking it out, it looks like an undervalued company catching up to it's "fair" value.
They are in chemical manufacturing, 2.77 million shares outstanding with a float of 1.4 million shares. Earnings for the last four quarters of about $5.00, and about $6.20 predicted for the year ending in March 1997. At an industry average P/E of 19, this works out to a fair value of about $117. Current price is $90.25; bid/ask spread is a mammoth $3 per share.Prior to earnings on Oct. 21, this was a $70 stock.
Does anybody have any information on MacDermid?
|© 2022 Knight Sac Media. Data provided by IEX, Alpha Vantage, Coinbase, Binance, Fintel and CityFALCON News|