ICL Group (NYSE:ICL) Shares Gap Down to $3.99

ICL Group Ltd (NYSE:ICL) shares gapped down prior to trading on Monday . The stock had previously closed at $3.99, but opened at $3.88. ICL Group shares last traded at $3.86, with a volume of 86,626 shares.

ICL Group Trading Down 3.0 %

The company has a quick ratio of 0.93, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average is $4.38 and its 200-day moving average is $4.72. The stock has a market capitalization of $5.08 billion, a PE ratio of 10.49, a P/E/G ratio of 5.90 and a beta of 1.25.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. ICL Group had a net margin of 6.68% and a return on equity of 9.05%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned $0.23 EPS. As a group, analysts anticipate that ICL Group Ltd will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On ICL Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in ICL Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock worth $136,043,000 after purchasing an additional 392,805 shares in the last quarter. Significant Wealth Partners LLC acquired a new stake in shares of ICL Group in the fourth quarter worth $220,000. Assenagon Asset Management S.A. raised its stake in shares of ICL Group by 43.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 723,239 shares of the basic materials company’s stock valued at $3,838,000 after acquiring an additional 218,811 shares during the period. Norges Bank acquired a new position in shares of ICL Group during the 4th quarter valued at $36,042,000. Finally, Jump Financial LLC boosted its position in ICL Group by 550.0% during the 4th quarter. Jump Financial LLC now owns 117,001 shares of the basic materials company’s stock worth $586,000 after purchasing an additional 99,001 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.