Huttig Building Products (NASDAQ:HBP) Shares Up 6.8%

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Huttig Building Products Inc (NASDAQ:HBP)’s share price shot up 6.8% during trading on Tuesday . The stock traded as high as $0.81 and last traded at $0.63, 222,482 shares traded hands during trading. An increase of 666% from the average session volume of 29,030 shares. The stock had previously closed at $0.59.

Separately, ValuEngine cut Huttig Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th.

The company has a debt-to-equity ratio of 3.89, a current ratio of 2.40 and a quick ratio of 0.84. The company has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.68. The firm has a market cap of $15.87 million, a PE ratio of -0.79 and a beta of 1.69.

A number of large investors have recently added to or reduced their stakes in the business. First Republic Investment Management Inc. purchased a new position in Huttig Building Products in the fourth quarter worth $32,000. UBS Group AG raised its position in Huttig Building Products by 288.8% in the fourth quarter. UBS Group AG now owns 25,623 shares of the company’s stock worth $39,000 after acquiring an additional 19,033 shares in the last quarter. Weber Alan W raised its position in Huttig Building Products by 0.9% in the fourth quarter. Weber Alan W now owns 2,460,317 shares of the company’s stock worth $3,789,000 after acquiring an additional 21,147 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Huttig Building Products by 53.6% in the third quarter. Tower Research Capital LLC TRC now owns 15,940 shares of the company’s stock worth $34,000 after acquiring an additional 5,561 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Huttig Building Products Company Profile (NASDAQ:HBP)

Huttig Building Products, Inc, together with its subsidiaries, distributes millwork, building materials, and wood products for new residential construction, home improvement, remodeling, and repair work in the United States. The company offers various millwork products, including exterior and interior doors, pre-hung and factory finished door units, windows, patio doors, mouldings, frames, stair parts, and columns under the Therma-Tru, Masonite, Woodgrain, HB&G, Simpson Door, Final Frame, BrasPine, Arauco, Windsor Windows, and Rogue Valley Door brands.

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