Huttig Building Products (NASDAQ:HBP) Shares Pass Below 50 Day Moving Average of $2.03

Shares of Huttig Building Products Inc (NASDAQ:HBP) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.03 and traded as low as $1.92. Huttig Building Products shares last traded at $1.92, with a volume of 200 shares trading hands.

Separately, ValuEngine upgraded shares of Huttig Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The company has a quick ratio of 1.08, a current ratio of 2.55 and a debt-to-equity ratio of 3.53. The stock’s fifty day simple moving average is $2.02 and its 200 day simple moving average is $2.30.

Huttig Building Products (NASDAQ:HBP) last released its quarterly earnings data on Monday, October 28th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.17). The business had revenue of $215.70 million during the quarter. Huttig Building Products had a negative net margin of 2.32% and a negative return on equity of 33.83%.

In other Huttig Building Products news, CMO David Fishbein sold 23,378 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $2.01, for a total value of $46,989.78. Following the completion of the sale, the chief marketing officer now owns 175,669 shares in the company, valued at approximately $353,094.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.65% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Mill Road Capital Management LLC grew its stake in shares of Huttig Building Products by 12.7% in the 2nd quarter. Mill Road Capital Management LLC now owns 1,901,911 shares of the company’s stock valued at $4,907,000 after buying an additional 214,910 shares during the period. Vanguard Group Inc. grew its stake in shares of Huttig Building Products by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 630,025 shares of the company’s stock valued at $1,625,000 after buying an additional 54,100 shares during the period. Renaissance Technologies LLC grew its stake in shares of Huttig Building Products by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 320,106 shares of the company’s stock valued at $826,000 after buying an additional 7,800 shares during the period. BlackRock Inc. grew its stake in shares of Huttig Building Products by 9.2% in the 2nd quarter. BlackRock Inc. now owns 80,767 shares of the company’s stock valued at $208,000 after buying an additional 6,787 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Huttig Building Products by 53.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,940 shares of the company’s stock valued at $34,000 after buying an additional 5,561 shares during the period. 45.01% of the stock is owned by institutional investors and hedge funds.

About Huttig Building Products (NASDAQ:HBP)

Huttig Building Products, Inc, together with its subsidiaries, distributes millwork, building materials, and wood products for new residential construction, home improvement, remodeling, and repair work in the United States. The company offers various millwork products, including exterior and interior doors, pre-hung and factory finished door units, windows, patio doors, mouldings, frames, stair parts, and columns under the Therma-Tru, Masonite, Woodgrain, HB&G, Simpson Door, Final Frame, BrasPine, Arauco, Windsor Windows, and Rogue Valley Door brands.

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