Glatfelter (NYSE:GLT) Stock Price Passes Above 200 Day Moving Average of $1.71

Glatfelter Co. (NYSE:GLT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.71 and traded as high as $1.71. Glatfelter shares last traded at $1.71, with a volume of 328,904 shares trading hands.

Glatfelter Price Performance

The company has a quick ratio of 1.10, a current ratio of 2.16 and a debt-to-equity ratio of 3.32. The stock has a market cap of $77.38 million, a price-to-earnings ratio of -0.98 and a beta of 1.73. The company has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.71.

Glatfelter (NYSE:GLT) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter. Glatfelter had a negative return on equity of 14.04% and a negative net margin of 5.71%. The business had revenue of $320.38 million for the quarter.

Institutional Trading of Glatfelter

Large investors have recently modified their holdings of the company. Aristeia Capital LLC acquired a new stake in Glatfelter in the third quarter worth approximately $27,000. Teton Advisors Inc. lifted its holdings in shares of Glatfelter by 80.0% in the third quarter. Teton Advisors Inc. now owns 18,000 shares of the basic materials company’s stock valued at $36,000 after buying an additional 8,000 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Glatfelter by 138.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 27,348 shares of the basic materials company’s stock valued at $55,000 after buying an additional 15,855 shares during the period. Gabelli Funds LLC boosted its stake in Glatfelter by 36.4% during the third quarter. Gabelli Funds LLC now owns 30,000 shares of the basic materials company’s stock valued at $60,000 after buying an additional 8,000 shares in the last quarter. Finally, Barclays PLC grew its holdings in Glatfelter by 41.6% during the third quarter. Barclays PLC now owns 33,354 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 9,796 shares during the period. Institutional investors and hedge funds own 76.92% of the company’s stock.

About Glatfelter

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.