Shares of OMNOVA Solutions Inc. (NYSE:OMN) saw unusually-strong trading volume on Thursday . Approximately 1,570,019 shares were traded during mid-day trading, an increase of 322% from the previous session’s volume of 371,819 shares.The stock last traded at $10.09 and had previously closed at $10.08.
A number of research analysts have recently commented on OMN shares. Zacks Investment Research raised shares of OMNOVA Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Deutsche Bank downgraded shares of OMNOVA Solutions from a “buy” rating to a “hold” rating and set a $9.91 price objective for the company. in a research report on Friday, July 5th. Sidoti downgraded shares of OMNOVA Solutions from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, July 3rd. Finally, ValuEngine downgraded shares of OMNOVA Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $9.96.
The business’s 50 day moving average price is $10.07 and its 200-day moving average price is $8.37. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 5.50. The company has a market cap of $452.12 million, a price-to-earnings ratio of 24.58, a PEG ratio of 1.92 and a beta of 2.10.
OMNOVA Solutions (NYSE:OMN) last posted its earnings results on Thursday, September 26th. The specialty chemicals company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). OMNOVA Solutions had a return on equity of 18.20% and a net margin of 1.08%. Equities research analysts forecast that OMNOVA Solutions Inc. will post 0.52 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of OMN. Nuveen Asset Management LLC acquired a new stake in shares of OMNOVA Solutions during the 2nd quarter worth about $2,492,000. Vanguard Group Inc. raised its stake in OMNOVA Solutions by 11.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,611,869 shares of the specialty chemicals company’s stock worth $16,272,000 after purchasing an additional 258,020 shares in the last quarter. Putnam Investments LLC raised its stake in OMNOVA Solutions by 96.2% in the 2nd quarter. Putnam Investments LLC now owns 513,500 shares of the specialty chemicals company’s stock worth $3,199,000 after purchasing an additional 251,800 shares in the last quarter. Teton Advisors Inc. raised its stake in OMNOVA Solutions by 33.5% in the 2nd quarter. Teton Advisors Inc. now owns 574,027 shares of the specialty chemicals company’s stock worth $3,576,000 after purchasing an additional 144,127 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in OMNOVA Solutions by 29.1% in the 2nd quarter. AQR Capital Management LLC now owns 370,104 shares of the specialty chemicals company’s stock worth $2,306,000 after purchasing an additional 83,368 shares in the last quarter. Institutional investors own 89.87% of the company’s stock.
OMNOVA Solutions Company Profile (NYSE:OMN)
OMNOVA Solutions Inc provides specialty solutions and performance materials for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. Its Specialty Solutions segment designs, develops, produces, and markets specialty products for use in various applications, such as architectural and industrial coatings; nonwovens used in hygiene products, filtration, and construction; drilling additives for oil and gas drilling, cementing, and fracking; elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles; tapes and adhesives; sports surfaces; textile finishes; commercial building refurbishment; new construction; residential cabinets; flooring; ceiling tiles; furnishings; manufactured housing; health care patient; common area furniture; and various industrial films applications.
Recommended Story: What is Compound Annual Growth Rate (CAGR)?
Receive News & Ratings for OMNOVA Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMNOVA Solutions and related companies with MarketBeat.com's FREE daily email newsletter.