Glatfelter (NYSE:GLT) Stock Price Crosses Above 200-Day Moving Average of $1.71

Shares of Glatfelter Co. (NYSE:GLT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.71 and traded as high as $1.71. Glatfelter shares last traded at $1.71, with a volume of 328,904 shares.

Glatfelter Price Performance

The company has a debt-to-equity ratio of 3.32, a current ratio of 2.16 and a quick ratio of 1.10. The firm has a market capitalization of $77.38 million, a P/E ratio of -0.98 and a beta of 1.73. The company’s 50 day moving average price is $1.77 and its 200 day moving average price is $1.71.

Glatfelter (NYSE:GLT) last posted its quarterly earnings data 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 for the quarter. Glatfelter had a negative return on equity of 14.04% and a negative net margin of 5.71%.

Institutional Trading of Glatfelter

A number of institutional investors have recently bought and sold shares of GLT. Aristeia Capital LLC bought a new position in shares of Glatfelter in the 3rd quarter worth $27,000. Teton Advisors Inc. lifted its stake in Glatfelter by 80.0% in the third 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. State Board of Administration of Florida Retirement System boosted its holdings in Glatfelter by 138.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,348 shares of the basic materials company’s stock worth $55,000 after buying an additional 15,855 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Glatfelter by 36.4% during the 3rd quarter. Gabelli Funds LLC now owns 30,000 shares of the basic materials company’s stock worth $60,000 after buying an additional 8,000 shares during the period. Finally, Barclays PLC increased its stake in shares of Glatfelter by 41.6% in the 3rd quarter. Barclays PLC now owns 33,354 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 9,796 shares during the last quarter. Institutional investors and hedge funds own 76.92% of the company’s stock.

Glatfelter Company Profile

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.