Chart Industries, Inc. (NASDAQ:GTLS) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $52.33 and last traded at $52.40, with a volume of 17808 shares changing hands. The stock had previously closed at $52.79.
Several equities analysts recently commented on GTLS shares. Credit Suisse Group started coverage on shares of Chart Industries in a research report on Tuesday, August 13th. They set an “outperform” rating and a $83.00 price target for the company. Lake Street Capital set a $109.00 price target on shares of Chart Industries and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley dropped their price target on shares of Chart Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Citigroup started coverage on shares of Chart Industries in a research report on Tuesday, November 26th. They set a “buy” rating and a $71.00 price target for the company. Finally, TheStreet lowered shares of Chart Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Chart Industries currently has a consensus rating of “Hold” and a consensus target price of $78.70.
The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.20. The firm’s 50-day moving average is $57.19 and its 200 day moving average is $66.52. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 25.94 and a beta of 1.23.
Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Chart Industries in the second quarter worth $52,000. Point72 Hong Kong Ltd increased its position in shares of Chart Industries by 2,000.0% in the second quarter. Point72 Hong Kong Ltd now owns 945 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 900 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Chart Industries in the third quarter worth $62,000. Bourgeon Capital Management LLC acquired a new stake in shares of Chart Industries in the third quarter worth $62,000. Finally, Point72 Asset Management L.P. increased its position in shares of Chart Industries by 39.2% in the third quarter. Point72 Asset Management L.P. now owns 1,200 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 338 shares in the last quarter.
About Chart Industries (NASDAQ:GTLS)
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
Further Reading: Accumulation/Distribution
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