Chart Industries (NASDAQ:GTLS) Reaches New 12-Month Low at $52.33

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Chart Industries, Inc. (NASDAQ:GTLS)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $52.33 and last traded at $52.40, with a volume of 17808 shares. The stock had previously closed at $52.79.

GTLS has been the topic of a number of recent research reports. ValuEngine upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Citigroup initiated coverage on shares of Chart Industries in a research report on Tuesday, November 26th. They issued a “buy” rating and a $71.00 price target on the stock. Lake Street Capital set a $109.00 price target on shares of Chart Industries and gave the stock a “buy” rating in a research report on Friday, October 18th. BidaskClub cut shares of Chart Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, October 3rd. Finally, Raymond James raised shares of Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $78.70.

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.83. The stock’s fifty day moving average is $57.19 and its two-hundred day moving average is $66.52. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 25.94 and a beta of 1.23.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, October 17th. The industrial products company reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.01). Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $378.53 million. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was up 31.4% on a year-over-year basis. Sell-side analysts predict that Chart Industries, Inc. will post 2.79 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Chart Industries by 12.6% during the 2nd quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock valued at $392,575,000 after buying an additional 569,836 shares during the period. Vanguard Group Inc. increased its stake in Chart Industries by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock valued at $275,072,000 after buying an additional 256,912 shares during the period. Carillon Tower Advisers Inc. increased its stake in Chart Industries by 0.8% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,181,478 shares of the industrial products company’s stock valued at $73,677,000 after buying an additional 9,600 shares during the period. State Street Corp increased its stake in Chart Industries by 3.6% during the 3rd quarter. State Street Corp now owns 1,015,906 shares of the industrial products company’s stock valued at $63,352,000 after buying an additional 35,593 shares during the period. Finally, Northern Trust Corp increased its stake in Chart Industries by 6.8% during the 2nd quarter. Northern Trust Corp now owns 734,988 shares of the industrial products company’s stock valued at $56,505,000 after buying an additional 46,820 shares during the period.

About Chart Industries (NASDAQ:GTLS)

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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