Sherritt International (TSE:S) Sets New 1-Year Low After Analyst Downgrade

Sherritt International Co. (TSE:S)’s stock price hit a new 52-week low during mid-day trading on Tuesday after National Bankshares lowered their price target on the stock from C$0.50 to C$0.35. National Bankshares currently has a sector perform rating on the stock. Sherritt International traded as low as C$0.19 and last traded at C$0.20, with a volume of 46041 shares traded. The stock had previously closed at C$0.19.

Sherritt International Trading Up 2.6 %

The business’s 50 day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.26. The stock has a market cap of C$77.47 million, a P/E ratio of -0.61, a PEG ratio of 0.02 and a beta of 1.53. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last issued its quarterly earnings data on Monday, July 29th. The company reported C($0.03) earnings per share for the quarter, topping the consensus estimate of C($0.07) by C$0.04. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The company had revenue of C$51.40 million for the quarter. As a group, analysts expect that Sherritt International Co. will post 0.056213 EPS for the current year.

Sherritt International Company Profile

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.