Carbo Ceramics Inc. (CRR) Hits New 52-week Low During December 01 Session
Carbo Ceramics Inc. (CRR) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $37.93, Carbo Ceramics Inc. dropped to $35.66 for a new 52-week low. By the closing bell, the company's stock was at $37.00 a share for a loss of 2.73%.
Falling to a new 52-week low is never fun for company's shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.
However one plays it, it's often a critical moment for any stock and should be noted by investors.
Carbo Ceramics Inc. saw 1.86 million shares of its stock trade hands, that's out of 23.09 million shares outstand. The stock has an average daily volume of 1.02 million shares. After hitting a new 52-week low, Carbo Ceramics Inc. enters the new trading day with a market cap of 854.45 million, a 50-day SMA of $53.47 and a 200-day SMA of $109.00
Carbo Ceramics Inc. now has a P/E ratio of 15.4.
For a full analysis of Carbo Ceramics Inc., check out Equities.com's E.V.A. report.
Carbo Ceramics Inc is a supplier of ceramic proppant. It provides fracture simulation software, fracture design, engineering and consulting services and a broad range of technologies for spill prevention, containment and countermeasures.
Carbo Ceramics Inc. has 1025 employees, is led by CEO Gary A. Kolstad, and makes its home in Houston, TX.
Carbo Ceramics Inc. is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets.
The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).
Source: Equities.com News
(December 2, 2014 - 7:00 AM EST)
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