Stella-Jones (OTCMKTS:STLJF) Sees Large Volume Increase – Here’s Why

Shares of Stella-Jones Inc. (OTCMKTS:STLJF) saw unusually-high trading volume on Friday . Approximately 7,936 shares traded hands during mid-day trading, an increase of 227% from the previous session’s volume of 2,428 shares.The stock last traded at $68.99 and had previously closed at $68.47.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Stella-Jones from a “sector perform” rating to an “outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Stella-Jones Trading Up 0.8%

The firm’s fifty day moving average price is $66.34 and its 200-day moving average price is $61.07.

Stella-Jones (OTCMKTS:STLJF) last released its earnings results on Thursday, February 26th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09). The company had revenue of $529.37 million for the quarter, compared to analyst estimates of $554.50 million.

About Stella-Jones

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.