Forterra Inc (NASDAQ:FRTA) insider Vikrant Bhatia purchased 17,175 shares of Forterra stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $6.56 per share, with a total value of $112,668.00. Following the completion of the transaction, the insider now directly owns 62,467 shares of the company’s stock, valued at $409,783.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:FRTA opened at $6.85 on Thursday. The stock has a 50 day moving average price of $5.97. Forterra Inc has a 52 week low of $3.25 and a 52 week high of $9.71. The firm has a market capitalization of $436.59 million, a P/E ratio of -15.57 and a beta of 2.18. The company has a quick ratio of 1.26, a current ratio of 2.47 and a debt-to-equity ratio of 14.94.
Forterra (NASDAQ:FRTA) last released its quarterly earnings data on Monday, August 5th. The construction company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Forterra had a negative return on equity of 31.23% and a negative net margin of 2.27%. The firm had revenue of $410.20 million for the quarter, compared to the consensus estimate of $422.54 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis.
A number of research firms recently commented on FRTA. Barclays set a $6.00 price objective on Forterra and gave the stock a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research downgraded Forterra from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. BidaskClub upgraded Forterra from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Goldman Sachs Group upgraded Forterra from a “sell” rating to a “buy” rating and increased their price objective for the stock from $4.25 to $8.00 in a report on Wednesday, August 7th. Finally, ValuEngine upgraded Forterra from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $7.17.
Forterra, Inc manufactures and sells pipe and precast products the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments. It offers concrete drainage pipes used for storm water applications, residential and non-residential site developments, sanitary sewers, low-pressure sewer force mains, tunneled systems, treatment plant piping, and utility tunnels.
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