March 31:
Arabian American Development (NASDAQ:ARSD) had its price objective raised by Singular Research from $15.00 to $18.50 in a research report released on Friday morning, Analyst Ratings Network reports. Singular Research currently has a buy rating on the stock.
Shares of Arabian American Development (NASDAQ:ARSD) traded down 0.64% during mid-day trading on Friday, hitting $10.85. The stock had a trading volume of 64,541 shares. Arabian American Development has a 52 week low of $7.07 and a 52 week high of $13.17. The stock has a 50-day moving average of $11.95 and a 200-day moving average of $10.72. The company has a market cap of $262.2 million and a price-to-earnings ratio of 13.82.
Arabian American Development (NASDAQ:ARSD) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. The company had revenue of $66.60 million for the quarter, compared to the consensus estimate of $55.72 million. On average, analysts predict that Arabian American Development will post $0.75 earnings per share for the current fiscal year.
Arabian American Development Company is engaged in manufacturing various specialty petrochemical products.
Source: http://tickerreport.com/banking-finance/175632/arabian-american-development-pt-raised-to-18-50-at-singular-research-arsd/?
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