FutureFuel (NYSE:FF) Shares Cross Above 200-Day Moving Average – Here’s What Happened

FutureFuel Corp. (NYSE:FF) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $4.66 and traded as high as $5.19. FutureFuel shares last traded at $5.0950, with a volume of 189,038 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FF shares. Wall Street Zen raised FutureFuel from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings cut FutureFuel from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, FutureFuel has an average rating of “Sell”.

FutureFuel Trading Down 0.7%

The company has a market cap of $224.80 million, a PE ratio of -7.32 and a beta of 0.80. The stock has a 50 day moving average price of $5.32 and a 200 day moving average price of $4.67.

FutureFuel (NYSE:FF) last posted its quarterly earnings data on Monday, August 10th. The energy company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $78.73 million during the quarter. FutureFuel had a negative return on equity of 19.75% and a negative net margin of 19.94%.

FutureFuel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. FutureFuel’s dividend payout ratio is currently -5.71%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in FutureFuel in the second quarter worth about $8,653,000. Empowered Funds LLC purchased a new stake in shares of FutureFuel during the second quarter valued at approximately $1,384,000. Gate City Capital Management LLC grew its holdings in shares of FutureFuel by 37.3% during the fourth quarter. Gate City Capital Management LLC now owns 1,104,149 shares of the energy company’s stock valued at $3,522,000 after buying an additional 299,924 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of FutureFuel during the second quarter valued at approximately $1,214,000. Finally, GSA Capital Partners LLP bought a new stake in shares of FutureFuel during the second quarter valued at approximately $1,029,000. 44.56% of the stock is owned by hedge funds and other institutional investors.

About FutureFuel

FutureFuel Corp. (NYSE: FF) is a U.S.-based manufacturer of specialty chemicals and biofuels. Through its operating subsidiary, FutureFuel Chemical Company, the company produces chemicals used in a range of industrial and commercial applications, including solvents, chemical intermediates, performance chemicals, and polymer-related products.

FutureFuel also manufactures biodiesel and related biofuel products. Its chemical business provides both standard products and custom manufacturing services, allowing customers to contract for the production of specific chemical compounds and formulations.