NewMarket (NYSE:NEU – Get Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.
NewMarket Trading Down 0.5 %
NEU stock opened at $539.95 on Tuesday. The company has a market capitalization of $5.18 billion, a PE ratio of 12.99 and a beta of 0.47. NewMarket has a one year low of $436.90 and a one year high of $650.00. The company’s 50 day moving average price is $533.66 and its two-hundred day moving average price is $570.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.60 and a current ratio of 2.66.
NewMarket (NYSE:NEU – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The specialty chemicals company reported $11.63 EPS for the quarter. The firm had revenue of $710.23 million for the quarter. NewMarket had a net margin of 15.12% and a return on equity of 37.06%.
Institutional Inflows and Outflows
NewMarket Company Profile
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.
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