American Biltrite (OTCMKTS:ABLT) Trading Up 0.5% – Time to Buy?

Shares of American Biltrite Inc. (OTCMKTS:ABLT) were up 0.5% during mid-day trading on Thursday . The company traded as high as $76.76 and last traded at $76.76. Approximately 10 shares traded hands during trading, an increase of 27% from the average daily volume of 8 shares. The stock had previously closed at $76.35.

American Biltrite Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.19 and a quick ratio of 0.52. The stock’s fifty day simple moving average is $76.19 and its 200-day simple moving average is $79.42. The company has a market capitalization of $2.30 million, a P/E ratio of -0.37 and a beta of -0.12.

American Biltrite (OTCMKTS:ABLT) last released its earnings results on Wednesday, September 3rd. The company reported ($55.24) earnings per share for the quarter. American Biltrite had a negative net margin of 3.66% and a negative return on equity of 28.92%. The company had revenue of $45.20 million during the quarter.

American Biltrite Company Profile

American Biltrite Inc, together with its subsidiaries, provides tape, jewelry, flooring, and rubber products worldwide. The company produces and offers pressure sensitive tapes, films, and protective sheeting under the American Biltrite and Ideal brands, which are used in various markets, such as automotive and transportation; construction; shoe/footwear; graphic arts, print, and signage; and various other industrial and consumer applications.