Sherritt International (TSE:S) Trading Down 9.3% – What’s Next?

Sherritt International Co. (TSE:S) fell 9.3% on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.20. 463,192 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 384,395 shares. The stock had previously closed at C$0.22.

Analyst Upgrades and Downgrades

Separately, National Bankshares cut their price target on Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating for the company in a report on Tuesday, October 15th.

Sherritt International Stock Performance

The stock has a fifty day moving average of C$0.17 and a 200-day moving average of C$0.19. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The stock has a market capitalization of C$75.49 million, a PE ratio of -0.59, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53.

Sherritt International (TSE:S) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.03). Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. During the same period in the prior year, the company earned ($0.05) earnings per share. Equities analysts anticipate that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal year.

Sherritt International Company Profile

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.