Oil-Dri Corporation Of America (NYSE:ODC) Sees Strong Trading Volume – Should You Buy?

Shares of Oil-Dri Corporation Of America (NYSE:ODC – Get Free Report) saw unusually-high trading volume on Monday. 69,650 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 92,151 shares. The stock last traded at $90.3650 and had previously closed at $88.60.

Wall Street Analyst Weigh In

A number of brokerages have commented on ODC. Weiss Ratings reissued a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Analysis on Oil-Dri Corporation Of America

Oil-Dri Corporation Of America Stock Performance

The firm has a fifty day simple moving average of $91.73 and a 200-day simple moving average of $84.30. The company has a current ratio of 3.28, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 23.10 and a beta of 0.77.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Oil-Dri Corporation Of America in the second quarter valued at about $244,000. Arizona State Retirement System bought a new stake in Oil-Dri Corporation Of America during the 2nd quarter worth about $246,000. HighTower Advisors LLC raised its holdings in Oil-Dri Corporation Of America by 5.0% during the 2nd quarter. HighTower Advisors LLC now owns 3,847 shares of the specialty chemicals company’s stock worth $393,000 after purchasing an additional 184 shares during the last quarter. Susquehanna International Group LLP lifted its position in Oil-Dri Corporation Of America by 69.5% during the 2nd quarter. Susquehanna International Group LLP now owns 6,550 shares of the specialty chemicals company’s stock valued at $669,000 after purchasing an additional 2,686 shares during the period. Finally, Sheets Smith Wealth Management lifted its position in Oil-Dri Corporation Of America by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 8,911 shares of the specialty chemicals company’s stock valued at $911,000 after purchasing an additional 195 shares during the period. Institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Company Profile

(Get Free Report)

Oil-Dri Corporation of America develops, manufactures and markets absorbent mineral products for consumer and business customers. Its products are based primarily on attapulgite and other clay minerals and are designed to absorb liquids, control odors and improve handling in a range of applications.

The company’s consumer products include cat litter and related pet-care products sold under brands such as Cat’s Pride and Jonny Cat. Oil-Dri also supplies absorbent products used in industrial, automotive, agricultural, sports and other commercial applications, including products for fluid cleanup, waste management, turf maintenance and animal care.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois, and serves customers through retail, industrial and agricultural markets in the United States and selected international markets.

Further Reading

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