Balchem Corp. (NASDAQ:BCPC) Director Dino A. Rossi sold 16,400 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $78.57, for a total value of $1,288,548.00. Following the sale, the director now owns 23,248 shares of the company’s stock, valued at approximately $1,826,595.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Balchem Corp. (NASDAQ:BCPC) opened at 78.22 on Friday. Balchem Corp. has a 52-week low of $53.11 and a 52-week high of $79.49. The firm’s 50-day moving average price is $70.77 and its 200 day moving average price is $64.16. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 44.44 and a beta of 0.61.
Balchem Corp. (NASDAQ:BCPC) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.21. The firm had revenue of $138.80 million for the quarter, compared to analyst estimates of $134.77 million. Balchem Corp. had a return on equity of 16.85% and a net margin of 10.18%. On average, equities research analysts forecast that Balchem Corp. will post $2.57 EPS for the current year.
Separately, Pivotal Research reaffirmed a “hold” rating and set a $65.00 price target on shares of Balchem Corp. in a research report on Sunday, August 7th.
Balchem Corp. Company Profile
Balchem Corporation (Balchem) is engaged in the development, manufacture, distribution and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and medical sterilization industries. The Company operates in four segments: SensoryEffects, Animal Nutrition & Health (ANH), Specialty Products and Industrial Products.
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