Economy

OMNOVA Solutions Inc. (NYSE:OMN) Sees Unusual Trading Volume in Its Shares

Menta Capital LLC now owns 207,536 shares of the company's stock worth $2,075,000 after buying an additional 1,485 shares during the period.

According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of "buy", 0 brokers "outperform", 1 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". While the stock price moved along with the volume change, shares are touching $0.41 at the time of writing.

OMN has been the discussion subject of Many brokerage reports.

As the earnings date approaches, we can see that insider ownership is now 0.60% shares, and institutional ownership is at 90.60% for OMNOVA Solutions Inc.

Following some signal indicators for Omnova Solutions Inc (OMN), we have recorded the 100-day moving average verse price signal as Buy. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. ValuEngine raised shares of OMNOVA Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, June 10th. Sidoti initiated coverage on OMNOVA Solutions in a research note on Tuesday, June 13th. The stock is trading at $9.25 which is slightly above $8.95, the 50 day moving average and which is marginally over the 200 day moving average of $9.13. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and worldwide copyright laws.

The analysts offering 12 month price targets for OMNOVA Solutions Inc. have a median target of $12.5, with a high estimate of $14 and a low estimate of $11.

Several large investors have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in OMNOVA Solutions by 10.5% during the first quarter. The monthly stock performance comes in at 6.32%. Following the transaction, the senior vice president now owns 126,833 shares of the company's stock, valued at approximately $1,185,888.55. (NYSE:OMN). 276 were accumulated by Federated Investors Pa. Missouri-based Amer Century Cos has invested 0% in OMNOVA Solutions Inc. Royal Bank of Canada now owns 4,817,031 shares of the specialty chemicals company's stock valued at $46,966,000 after purchasing an additional 243,379 shares during the period. Spark Investment Management LLC now controls 232,100 shares worth $2,262,000. The Illinois-based Magnetar Fin has invested 0.01% in OMNOVA Solutions Inc.

The Price to Book ratio (Current share price / Book value per share) is a good valuation measure you can use to find undervalued investment ideas. (NYSE:OMN). D E Shaw Communications holds 0% in OMNOVA Solutions Inc.

Since April 5, 2017, it had 0 insider purchases, and 1 insider sale for $320,065 activity. The company's market capitalization is $406.44 million.

OMNOVA Solutions Inc. has a 52 week low of $7.05 and a 52 week high of $10.27. Shares of the company are trading at $9.05 barely above the 50 day moving average of $8.95 and which is marginally lower than the 200 day moving average of $9.13. (NASDAQ:OMN) to report earnings on Sep, 28 for the fiscal quarter ending Aug 2017. The Gross Margin Score of OMNOVA Solutions Inc. The company had revenue of $221.30 million for the quarter, compared to analysts' expectations of $204.40 million. A month ago, they told us to expect earnings of US$0.2 per share while three months ago their EPS consensus estimate was US$0.19. Over the past month the firm's stock is 6.32%, -2.12% for the last quarter, -2.12% for the past six-months and 14.62% for the a year ago. Earnings, adjusted for non-recurring costs, came to 25 cents per share. The Company's segments include Performance Chemicals and Engineered Surfaces.



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