GCP Applied Technologies (NYSE:GCP) Sees Large Volume Increase

GCP Applied Technologies Inc (NYSE:GCP) shares saw unusually-high trading volume on Monday . Approximately 3,145,999 shares were traded during trading, an increase of 441% from the previous session’s volume of 581,880 shares.The stock last traded at $18.80 and had previously closed at $17.77.

GCP has been the subject of several recent research reports. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. ValuEngine cut GCP Applied Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th.

The company has a fifty day simple moving average of $19.08 and a two-hundred day simple moving average of $24.90. The company has a current ratio of 2.84, a quick ratio of 2.31 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.37 billion, a PE ratio of 22.36, a P/E/G ratio of 1.34 and a beta of 0.83.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). GCP Applied Technologies had a net margin of 6.95% and a return on equity of 13.16%. The business had revenue of $262.20 million during the quarter, compared to analysts’ expectations of $287.13 million. During the same quarter in the previous year, the company posted $0.27 EPS. The company’s revenue was down 13.4% compared to the same quarter last year. On average, research analysts anticipate that GCP Applied Technologies Inc will post 0.78 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new stake in shares of GCP Applied Technologies during the 1st quarter worth approximately $88,000. NumerixS Investment Technologies Inc purchased a new position in shares of GCP Applied Technologies in the 1st quarter valued at $94,000. Rockefeller Capital Management L.P. acquired a new stake in GCP Applied Technologies during the 1st quarter worth $128,000. Bank of Montreal Can raised its stake in GCP Applied Technologies by 161.8% during the 2nd quarter. Bank of Montreal Can now owns 7,300 shares of the construction company’s stock worth $165,000 after acquiring an additional 4,512 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in GCP Applied Technologies during the 2nd quarter worth $211,000. 70.99% of the stock is owned by hedge funds and other institutional investors.

GCP Applied Technologies Company Profile (NYSE:GCP)

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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