Compass Minerals International (NYSE:CMP) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Compass Minerals International, Inc. (NYSE:CMP)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.78 and traded as high as $13.12. Compass Minerals International shares last traded at $13.04, with a volume of 830,889 shares.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CMP shares. BMO Capital Markets cut their price objective on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, December 18th. StockNews.com upgraded Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th.

Compass Minerals International Stock Up 5.2 %

The firm has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $11.78. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The company has a market cap of $540.55 million, a PE ratio of -3.18 and a beta of 1.21.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). The company had revenue of $208.80 million during the quarter, compared to analysts’ expectations of $323.61 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. Compass Minerals International’s revenue for the quarter was down 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Equities research analysts predict that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

Institutional Trading of Compass Minerals International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Denver PWM LLC grew its position in Compass Minerals International by 33.8% during the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 946 shares during the period. Inspire Investing LLC grew its holdings in shares of Compass Minerals International by 3.9% during the 3rd quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 1,437 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of Compass Minerals International by 2.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company’s stock worth $805,000 after purchasing an additional 1,482 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Compass Minerals International by 2.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,357 shares of the basic materials company’s stock worth $1,074,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Compass Minerals International by 629.4% in the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,077 shares during the period. 99.78% of the stock is currently owned by institutional investors and hedge funds.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.