BMO Capital Markets downgraded NewMarket Corporation (NYSE:NEU) to Market Perform in a statement released earlier today.
- Updated: September 30, 2016
BMO Capital Markets has downgraded NewMarket Corporation (NYSE:NEU) to Market Perform in a statement released on 9/30/2016.
Boasting a price of $420.09, NewMarket Corporation (NYSE:NEU) traded 1.44% higher on the day. With the last stock price close up 3.35% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. NewMarket Corporation has recorded a 50-day average of $428.50 and a two hundred day average of $412.29. Volume of trade was down over the average, with 12,615 shares of NEU changing hands under the typical 35,883
With a total market value of $0, NewMarket Corporation has price-earnings ratio of 21.07 with a one year low of $322.54 and a one year high of $447.97 .
Brief Synopsis About NewMarket Corporation (NYSE:NEU)
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services) and NewMarket Development Corporation (NewMarket Development). It operates in petroleum additives segment, which is primarily represented by Afton. The tetraethyl lead (TEL) business of Ethyl is reflected in the All other category. Each of its subsidiaries manages its own assets and liabilities. Afton encompasses the petroleum additives business, while Ethyl represents the sale of TEL in North America and certain petroleum additives manufacturing operations. NewMarket Development manages the property that the Company owns in Richmond, Virginia consisting of approximately 60 acres. NewMarket Services provides various administrative services to NewMarket, Afton, Ethyl and NewMarket Development. It has operations in the United States, Canada, Europe, India and Latin America, among others.
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