Sociedad Química y Minera de Chile (NYSE:SQM) Stock Price Down 3.9% – Should You Sell?

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) dropped 3.9% during trading on Friday . The company traded as low as $33.76 and last traded at $33.72. Approximately 175,576 shares changed hands during trading, a decline of 84% from the average daily volume of 1,066,026 shares. The stock had previously closed at $35.08.

Sociedad Química y Minera de Chile Trading Down 0.7%

The business’s 50-day moving average price is $37.28 and its 200 day moving average price is $38.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of -31.38, a PEG ratio of 5.00 and a beta of 1.11.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. On average, equities analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current fiscal year.

Institutional Trading of Sociedad Química y Minera de Chile

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Manning & Napier Advisors LLC bought a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter worth $120,395,000. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Sociedad Química y Minera de Chile by 5.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,302,897 shares of the basic materials company’s stock worth $120,093,000 after buying an additional 177,323 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Sociedad Química y Minera de Chile by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,965,641 shares of the basic materials company’s stock worth $71,470,000 after buying an additional 18,255 shares during the last quarter. Kopernik Global Investors LLC increased its stake in shares of Sociedad Química y Minera de Chile by 4.2% in the first quarter. Kopernik Global Investors LLC now owns 1,523,668 shares of the basic materials company’s stock worth $60,535,000 after buying an additional 61,100 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in shares of Sociedad Química y Minera de Chile by 2.3% in the first quarter. Earnest Partners LLC now owns 1,096,049 shares of the basic materials company’s stock worth $43,546,000 after buying an additional 24,710 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.