FMC (NYSE:FMC) Hits New 52-Week Low – Time to Sell?

FMC Corporation (NYSE:FMC)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $4.52 and last traded at $4.5450, with a volume of 2,105,485 shares. The stock had previously closed at $4.71.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of FMC in a research note on Wednesday, August 26th. Seaport Research Partners set a $21.00 price target on FMC in a research report on Tuesday, August 4th. BMO Capital Markets dropped their price objective on FMC from $11.00 to $7.50 and set a “market perform” rating on the stock in a research note on Friday, October 16th. Morgan Stanley cut their price objective on FMC from $15.50 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Finally, Royal Bank Of Canada cut FMC from a “sector perform” rating to a “sell” rating in a research report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $11.25.

FMC Stock Performance

The company’s fifty day simple moving average is $9.45 and its two-hundred day simple moving average is $12.61. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.48 and a current ratio of 1.99. The stock has a market capitalization of $566.67 million, a P/E ratio of -0.21 and a beta of 0.45.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $841.40 million for the quarter, compared to the consensus estimate of $895.14 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%. The firm’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, equities analysts forecast that FMC Corporation will post 0.99 EPS for the current year.

Institutional Investors Weigh In On FMC

A number of hedge funds and other institutional investors have recently modified their holdings of FMC. IFP Advisors Inc boosted its position in shares of FMC by 99.0% in the second quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 1,356 shares during the period. Glenmede Trust Co. NA raised its stake in FMC by 14.9% in the 1st quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 1,614 shares in the last quarter. Root Financial Partners LLC raised its stake in FMC by 3,642.9% in the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,785 shares in the last quarter. GAMMA Investing LLC boosted its holdings in FMC by 47.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,620 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 2,139 shares during the period. Finally, NFSG Corp boosted its holdings in FMC by 41.1% in the 3rd quarter. NFSG Corp now owns 7,550 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 2,200 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

About FMC

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.