NEW YORK, November 22, 2016 /PRNewswire/ --
Stock-Callers.com today takes a look back at the Specialty Chemicals industry which is expected to grow during the period of 2016 to 2021 due to rapid global demand for enhanced chemicals, and the rise of manufacturing activities in developing countries. Equities for assessment today are: Platform Specialty Products Corp. (NYSE: PAH), Olin Corp. (NYSE: OLN), Axalta Coating Systems Ltd (NYSE: AXTA), and Westlake Chemical Corp. (NYSE: WLK). Learn more about these stocks by downloading their free research reports in PDF format at:
Platform Specialty Products
West Palm Beach, Florida headquartered Platform Specialty Products Corp.'s shares rose 4.23%, and finished Monday's trading session at $8.87. A total volume of 2.19 million shares was traded. In the last one month, the stock has advanced 17.95%. The Company's shares are trading above their 50-day and 200-day moving averages by 11.07% and 3.28%, respectively. Moreover, shares of Platform Specialty Products, which produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe, have a Relative Strength Index (RSI) of 66.95.
On November 04th, 2016, Platform Specialty Products reported that net sales on a reported basis for Q3 2016 were $891 million, an increase of 49.1%. On a comparable basis over Q3 2015, excluding the impact of currency changes, metals prices and divestitures, organic sales increased 3.0% year-over-year. The company's Q3 2016 reported net income attributable to common stockholders was $105 million compared to a net loss of $140 million for Q3 2015. Adjusted EBITDA for Q3 2016 was $190 million, an increase of 14.4% on a comparable basis over Q3 2015.
On November 07th, 2016, research firm Nomura upgraded the Company's stock rating from 'Neutral' to 'Buy'. Sign up and read the free research report on PAH at:
On Monday, shares in Clayton, Missouri headquartered Olin Corp. recorded a trading volume of 1.91 million shares, and ended the session 1.07% higher at $25.42. The stock has gained 17.44% in the last one month, 18.36% in the previous three months, and 53.71% on an YTD basis. The Company's shares are trading 21.02% above their 50-day moving average and 26.12% above their 200-day moving average. Furthermore, shares of Olin, which manufactures and distributes chemical products in the US and internationally, have an RSI of 80.54.
On October 31st, 2016, Olin reported that Q3 2016 net income was $17.5 million, or $0.11 per diluted share, compared to net loss of $1.0 million, or $0.01 per diluted share in Q2 2016. The company reported Q3 2016 adjusted EBITDA of $221.9 million, which reflects depreciation and amortization expense of $135.3 million, restructuring charges of $5.2 million, and acquisition-related integration costs of $13.1 million. Sales in Q3 2016 were $1.45 billion compared to sales of $1.36 billion in Q2 2016. The complimentary research report on OLN can be downloaded at:
Axalta Coating Systems
Shares in Philadelphia, Pennsylvania headquartered Axalta Coating Systems Ltd closed the day at $26.27, climbing 0.50%. The stock recorded a trading volume of 936,331 shares. The Company's shares have gained 0.46% in the last month, and are trading 1.15% below their 50-day moving average. Additionally, shares of Axalta Coating Systems, which through its subsidiaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry, have an RSI of 53.20.
On November 21st, 2016, Axalta Coating Systems introduced Alesta® BK08 20 Gloss, a new semi-matte powder coating is designed to offer an extremely smooth appearance while providing weatherability on a variety of surfaces. The company stated that product evaluations indicate better gloss and color retention over standard polyester powder products on the market. Register for free on Stock-Callers.com and access the latest report on AXTA at:
At the closing bell yesterday, shares in Houston, Texas headquartered Westlake Chemical Corp. ended 5.70% higher at $55.84. A total volume of 1.45 million shares was traded, which was above their three months average volume of 1.01 million shares. The stock has advanced 6.73% in the last one month, 7.82% over the previous three months, and 4.07% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 7.29% and 17.82%, respectively. Furthermore, shares of Westlake Chemical, which manufactures and markets basic chemicals, vinyls, polymers, and building products, have an RSI of 63.57.
On November 21st, 2016, Westlake Chemical's Board of Directors announced a dividend of $0.1906 per share. The dividend will be payable on December 16th, 2016, to stockholders of record December 1st, 2016. This is the 49th successive quarterly dividend that Westlake Chemical has declared since completing its initial public offering in August 2004. Get free access to your research report on WLK at:
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