Glatfelter (NYSE:GLT) Stock Crosses Above 200 Day Moving Average of $1.73

Glatfelter Co. (NYSE:GLT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.73 and traded as high as $1.75. Glatfelter shares last traded at $1.67, with a volume of 532,460 shares trading hands.

Glatfelter Price Performance

The company has a 50 day moving average price of $1.98 and a 200 day moving average price of $1.73. The company has a current ratio of 2.16, a quick ratio of 1.10 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $75.57 million, a P/E ratio of -0.95 and a beta of 1.69.

Glatfelter (NYSE:GLT) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $320.38 million during the quarter. Glatfelter had a negative net margin of 5.71% and a negative return on equity of 14.04%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Point72 Middle East FZE bought a new position in Glatfelter in the 4th quarter valued at approximately $25,000. Aristeia Capital LLC acquired a new position in shares of Glatfelter in the 3rd quarter valued at about $27,000. Algert Global LLC bought a new position in shares of Glatfelter during the 4th quarter worth approximately $33,000. American Century Companies Inc. acquired a new stake in Glatfelter in the first quarter worth $36,000. Finally, Teton Advisors Inc. grew its stake in shares of Glatfelter by 80.0% in the 3rd quarter. Teton Advisors Inc. now owns 18,000 shares of the basic materials company’s stock valued at $36,000 after buying an additional 8,000 shares during the period. 76.92% of the stock is owned by institutional investors.

About Glatfelter

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.