Sensient Technologies Corporation (NYSE:SXT)’s shares dropped on Friday after it declared a 5% lower fourth quarter profits, other than revenue surged 5%, according to a company news release.
A Milwaukee-based provider of flavors Sensient (NYSE:SXT), , fragrances and colors to the food and beverage, cosmetic, pharmaceutical, ink-jet and specialty chemical industries, reported that net income in the Q4 ending Dec. 31 was $27.2M, or 55 cents a share, in contrast with $28.6M, or 57 cents a share, in the year-ago quarter.
Consolidated revenue moved up to $356.2M from $340.3M.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Pacific Ethanol Inc (NASDAQ:PEIX) rose +10.53%, PPG Industries, Inc. (NYSE:PPG) edged up +0.66%, Rockwood Holdings, Inc. (NYSE:ROC) which also increased +7.90% and LyondellBasell Industries NV (NYSE:LYB) closed up +1.12%.
Sensient Technologies Corporation (NYSE:SXT) stock’s trade at beginning with a price of $37.82 and throughout the trading session climbed at a high of $38.02 other than when day-trade ended the stock finally decreased -1.30% to $37.33.
The stock is going forward its 52 week low with 13.34% and lagging behind from its 52 week high price with -3.49%. SXT last month stock price volatility remained 1.55%.
SXT stock institutional ownership remained 88.93% while insider ownership included 1.58%. In its share capital SXT has 49.77 million outstanding shares among them 49.06 million shares have been floated in market exchange.
Company’s beta coefficient included 0.86. Beta factors measures the amount of market risk associated with market trade.
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