ICL Group Ltd (NYSE:ICL – Get Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 462,100 shares, an increase of 27.0% from the March 31st total of 363,800 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.
Shares of ICL Group stock opened at $11.39 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $11.58 and a 200 day moving average of $10.22. ICL Group has a fifty-two week low of $6.43 and a fifty-two week high of $12.96.
ICL Group (NYSE:ICL – Get Rating) last issued its earnings results on Wednesday, February 9th. The basic materials company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. ICL Group had a net margin of 11.26% and a return on equity of 18.52%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, analysts anticipate that ICL Group will post 1.34 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meitav Dash Investments Ltd. boosted its holdings in shares of ICL Group by 5.4% during the 4th quarter. Meitav Dash Investments Ltd. now owns 18,018,771 shares of the basic materials company’s stock valued at $173,873,000 after purchasing an additional 923,308 shares during the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new position in shares of ICL Group during the 3rd quarter valued at about $3,075,000. Exchange Traded Concepts LLC bought a new position in shares of ICL Group during the 4th quarter valued at about $36,000. Mackenzie Financial Corp boosted its holdings in shares of ICL Group by 10.0% during the 3rd quarter. Mackenzie Financial Corp now owns 160,396 shares of the basic materials company’s stock valued at $1,166,000 after purchasing an additional 14,591 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of ICL Group by 92.6% during the 3rd quarter. Jump Financial LLC now owns 20,800 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 10,000 shares during the last quarter.
A number of equities research analysts have recently issued reports on the stock. Citigroup downgraded shares of ICL Group from a “buy” rating to a “neutral” rating in a research report on Monday, January 24th. StockNews.com assumed coverage on shares of ICL Group in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. Zacks Investment Research downgraded shares of ICL Group from a “buy” rating to a “hold” rating in a research report on Friday, April 22nd. Finally, Morgan Stanley upped their target price on shares of ICL Group from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 17th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.33.
About ICL Group (Get Rating)
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 Innovative Ag Solutions (IAS). 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.
- Get a free copy of the StockNews.com research report on ICL Group (ICL)
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