Minerals Technologies Inc (NYSE:MTX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Having a price of $68.15, Minerals Technologies Inc (NYSE:MTX) traded -1.79% lower on the day. With the last close up 8.93% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Minerals Technologies Inc has recorded a 50-day average of $68.70 and a two hundred day average of $62.56. Volume of trade was down over the average, with 122,869 shares of MTX changing hands under the typical 172,183
Zacks Investment Research has downgraded Minerals Technologies Inc (NYSE:MTX) to Hold in a statement released on 10/12/2016.
With a total market value of $0, Minerals Technologies Inc has price-earnings ratio of 23.58 with a one year low of $35.89 and a 52 week high of $72.54 .
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average stock price target is $69.25 with 0 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Minerals Technologies Inc (NYSE:MTX)
Minerals Technologies Inc. is a resource-and technology-based company that develops, produces and markets worldwide a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. It has five segments. The Specialty Minerals, Performance Materials, and Construction Technologies segments produce and sell products and technologies based primarily upon the mineral products calcium carbonate, bentonite, talc, chromite and leonardite. These products are used principally in the paper, metalcasting, building materials, paints and coatings, consumer products, ceramic, polymer, and food and pharmaceutical industries. The Refractories segment produces monolithic refractory materials and specialty products, services and application equipment used by the steel, non-ferrous metal and glass industries. The Energy Services segment provides produced water treatment, filtration and well-testing services to both on-shore and off-shore oil and gas producers.
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