Compass Minerals International (NYSE:CMP) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Compass Minerals International, Inc. (NYSE:CMP)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.78 and traded as high as $13.12. Compass Minerals International shares last traded at $13.04, with a volume of 830,889 shares traded.

Wall Street Analysts Forecast Growth

CMP has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 18th. StockNews.com upgraded Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th.

Compass Minerals International Trading Up 5.2 %

The company has a market cap of $540.55 million, a price-to-earnings ratio of -3.18 and a beta of 1.21. The business has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $11.78. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The company had revenue of $208.80 million for the quarter, compared to analysts’ expectations of $323.61 million. During the same period in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 38.9% on a year-over-year basis. On average, equities analysts anticipate that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Compass Minerals International by 629.4% in the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,077 shares in the last quarter. Tsfg LLC purchased a new stake in Compass Minerals International in the 4th quarter valued at approximately $28,000. Denver PWM LLC grew its holdings in Compass Minerals International by 33.8% during the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after buying an additional 946 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Compass Minerals International by 247.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after buying an additional 2,928 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Compass Minerals International in the second quarter worth $46,000. 99.78% of the stock is owned by institutional investors and hedge funds.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.