NewMarket Corporation (NYSE:NEU) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 2, 2016
Having a price of $419.48, NewMarket Corporation (NYSE:NEU) traded 2.20% higher on the day. With the last close up 4.05% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. NEU has recorded a 50-day average of $428.46 and a two hundred day average of $412.62. Trade Volume was up over the average, with 59,454 shares of NEU changing hands over the typical 35,692
Zacks Investment Research has downgraded NewMarket Corporation (NYSE:NEU) to Hold in a statement released on Wednesday September 28, 2016.
Recent Performance Chart
NewMarket Corporation has PE ratio of 21.23 with a one year low of $322.54 and a one year high of $447.97 and has a market capitalization of $0.
General Company Details For 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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