The price of Atkore Inc (NYSE:ATKR) shares last traded on Wall Street rose 2.07% to $156.00.
ATKR stock price is now -9.90% away from the 50-day moving average and 2.03% away from the 200-day moving average. The market capitalization of the company currently stands at $5.68B.
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With the price target of $146, B. Riley Securities recently initiated with Buy rating for Atkore Inc (NYSE: ATKR). On October 19, 2022, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $110, while ‘CJS Securities’ rates the stock as ‘Market Outperform’
In other news, Zeffiro A Mark, Director sold 2,000 shares of the company’s stock on May 22 ’24. The stock was sold for $308,220 at an average price of $154.11. Upon completion of the transaction, the Director now directly owns 19,348 shares in the company, valued at $3.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Pres. Safety & Infrastructure Lamps Mark F. sold 500 shares of the business’s stock. A total of $78,835 was realized by selling the stock at an average price of $157.67. This leaves the insider owning 28,586 shares of the company worth $4.46 million. A total of 1.43% of the company’s stock is owned by insiders.
During the past 12 months, Atkore Inc has had a low of $116.14 and a high of $194.98. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 3.09, and a quick ratio of 1.98. The fifty day moving average price for ATKR is $172.7766 and a two-hundred day moving average price translates $152.932 for the stock.
The latest earnings results from Atkore Inc (NYSE: ATKR) was released for 2024-03-29. According to the Electrical Equipment & Parts Company, earnings per share came in at 5.72, beating analysts’ expectations of 4.27 by 1.45. This compares to $4.38 EPS in the same period last year. The net profit margin was 18.03% and return on equity was 41.88% for ATKR. The company reported revenue of $792.91 million for the quarter, compared to $895.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.5 percent. For the current quarter, analysts expect ATKR to generate $828.76M in revenue.
