Chart Industries (NASDAQ:GTLS) Sets New 52-Week Low at $52.33

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.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, October 17th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The business had revenue of $357.80 million during the quarter, compared to analyst estimates of $378.53 million. During the same period in the previous year, the company earned $0.74 EPS. Chart Industries’s revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts forecast that Chart Industries, Inc. will post 2.79 EPS for the current year.

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.

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