( ) has been the subject of a significant increase in short interests during the month April. On April 30, there were 2,570,000 short shares, a 9.8% increase from the total of 2,340,000 on April 15. The days-to-cover is currently 1.8 based on an average daily volume of 1,400,000 shares. Short-selling is currently 0.4% of company stock.
Wall Street analysts forecast growth
Recently, several brokerages published reports about ICL. In a research report published on Thursday 16th March, ICL Group was covered. The stock was given a "buy" rating. Recently, a number of institutional investors increased or decreased their stakes. Barclays PLC increased its holdings of shares in ICL Group during the third quarter by 325,000.0%. Barclays PLC owns now 3,251 of the basic materials stock valued at $27,000, after buying an additional 3,250 in the last quarter. Clear Street Markets LLC purchased a new share of ICL Group stock during the third quarter, valued at approximately $36,000. Advisor Group Holdings Inc. increased its holdings of shares of ICL Group during the first quarter by 1,091.3%. Advisor Group Holdings Inc. owns 3,002 of the basic materials firm's stock, worth $36,000. This is after buying an additional 2,750 in the last quarter. Wipfli Financial Advisors LLC purchased a new position in ICL Group shares during the third quarter, valued at approximately $49,000. Lazard Asset Management LLC also acquired shares of ICL Group in the fourth quarter, worth about $58,000. Institutional investors own 14.13 % of the company's stock.
ICL Group Stock Performance
Trading on Tuesday saw a decline of $0.11, bringing the price to $6.34. The trading volume was 1,128,916 compared to the average of 1,314,543. The company's simple moving-average is $6.48, and its 200 day moving-average is $7.37. The debt-to equity ratio for the company is 0.40. Its current ratio is 1.75, and its quick ratio 0.93. ICL Group's low for the past year was $5.91, and its high was $12.53. The market capitalization is $8.16 billion. There are four PE ratios: 4.53, 1.33, and 1.12.
The company last released its quarterly results on February 15th. The company's earnings per share for the first quarter were $0.28, exceeding the consensus estimate by $0.01. Revenue for the quarter was $2.09 billion, which is higher than the consensus estimate of $1.9 billion. ICL Group's return on equity was 42.79 % and its net margin was 21.56%. Analysts on the sell-side predict that ICL Group's earnings per share will be 0.89 for this year.
ICL Group increases Dividend
A quarterly dividend was also declared by the firm, and will be paid out on June 14th. Dividends will be paid to shareholders who were in the books on May 31st. The dividend is an increase over the $0.10 quarterly dividend paid by ICL Group in previous quarters. This is a $0.45 dividend annualized and yields 7.14%. The ex-dividend day is Tuesday, 30th May. ICL Group has a payout ratio of 29.29%.
ICL Group Company profile
ICL Group Ltd. manufactures mineral-based products primarily for agriculture, food and engineered material markets. The company's products include specialty fertilizers and flame retardants, as well as potash and nitrogen fertilizers. Tel Aviv is the headquarters of this company, which was founded in Israel in 1968.
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