OCI (OTCMKTS:OCINF – Get Free Report) shares dropped 3.9% during mid-day trading on Monday. The stock traded as low as $4.61 and last traded at $4.66. 1,000 shares changed hands during trading, a decline of 54% from the average daily volume of 2,191 shares. The stock had previously closed at $4.85.
Wall Street Analysts Forecast Growth
Separately, HSBC cut shares of OCI to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, OCI presently has a consensus rating of “Hold”.
View Our Latest Analysis on OCINF
OCI Trading Down 3.9%
The business’s fifty day moving average price is $4.84 and its two-hundred day moving average price is $4.56.
OCI Company Profile
OCI N.V. is a global producer of nitrogen-based fertilizers, methanol and other chemicals. The company’s products include ammonia, urea, nitrates, methanol and melamine, which are used in agriculture, industrial manufacturing, construction and consumer products. OCI has also developed lower-carbon and renewable-fuels initiatives related to ammonia and methanol.
Headquartered in the Netherlands, OCI has historically operated production facilities and commercial activities across Europe, North America, the Middle East and North Africa.
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