PQ Group Holdings Inc. (PQG - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $13.56 –$15.59 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company announced that it plans to repay an additional $55 million of its term loan facility by the end of Dec 31, 2018.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
PQ Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
PQ Group Holdings Inc. Price
Investors interested in the Chemical - Specialty industry may consider Livent Corporation (LTHM - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is PQG going up? Or down? Predict to see what others think:Up or Down
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