Intertape Polymer Group Inc. (OTCMKTS:ITPOF) announced its quarterly earnings results on Friday. The industrial products company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.23 by $0.06, MarketWatch Earnings reports. Intertape Polymer Group had a net margin of 6.67% and a return on equity of 27.87%.
Shares of Intertape Polymer Group (ITPOF) traded down 5.66% during midday trading on Friday, reaching $16.68. The company had a trading volume of 2,023 shares. Intertape Polymer Group has a 52 week low of $15.25 and a 52 week high of $20.05. The company’s 50 day moving average price is $19.16 and its 200-day moving average price is $17.94. The company has a market capitalization of $986.21 million, a P/E ratio of 18.33 and a beta of 1.15.
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About Intertape Polymer Group
Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.
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