American Biltrite (OTCMKTS:ABLT) Stock Price Down 14.3% – What’s Next?

American Biltrite Inc. (OTCMKTS:ABLT)’s stock price was down 14.3% during mid-day trading on Friday . The company traded as low as $77.10 and last traded at $77.10. Approximately 50 shares traded hands during trading, a decline of 51% from the average daily volume of 103 shares. The stock had previously closed at $90.00.

American Biltrite Price Performance

The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.47 million, a P/E ratio of -1.95 and a beta of 0.03. The company has a 50 day simple moving average of $85.54 and a 200 day simple moving average of $92.94.

American Biltrite (OTCMKTS:ABLT) last posted its quarterly earnings data on Tuesday, April 15th. The company reported ($53.44) EPS for the quarter. American Biltrite had a negative return on equity of 5.27% and a negative net margin of 0.69%. The business had revenue of $46.91 million for the quarter.

About American Biltrite

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.