Shares of Covia Holdings (NASDAQ:CVIA) rose 0.2% during trading on Tuesday . The company traded as high as $6.47 and last traded at $6.31. Approximately 3,875 shares changed hands during trading, a decline of 99% from the average daily volume of 430,435 shares. The stock had previously closed at $6.30.
CVIA has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Covia from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Barclays initiated coverage on shares of Covia in a research report on Tuesday, March 12th. They set an “underweight” rating and a $4.00 price objective on the stock. OTR Global cut shares of Covia from a “positive” rating to a “negative” rating in a research report on Friday, December 21st. Finally, Cowen cut shares of Covia from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 17th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Covia currently has an average rating of “Hold” and a consensus price target of $12.55.
Covia (NASDAQ:CVIA) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.09). The business had revenue of $441.30 million for the quarter, compared to analysts’ expectations of $464.57 million. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis.
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About Covia (NASDAQ:CVIA)
Covia Holdings Corporation provides minerals and material solutions for the industrial and energy markets. The company offers various mineral solutions to the glass, ceramics, coatings, polymers, construction, water filtration, sports, and recreation markets. It also offers a range of high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, lime, resin systems, and coated materials.
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