Markets
ICL

Weakness Seen in Platform Specialty (PAH): Stock Tumbles 10.3%

Platform Specialty Products CorporationPAH saw a big move last session, as the company's shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $12.06-$14.84 since Sep 23, 2015, showed a sharp decline yesterday at $12.94.

On Oct 7, the company lowered its 2015 adjusted EBITDA guidance. The company now expects adjusted EBITDA for the full year to be in the range of $550 million to $570 million, down from the previous disclosed range of $620 million to $650 million.

This company in the chemical specialty space has seen no estimate revision over the past few weeks, and the consensus for earnings is unchanged over the same time frame. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

PAH currently has a Zacks Rank #5 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Israel Chemicals Ltd. ICL , holding a Zacks Rank #1 (Strong Buy).

Is PAH going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

PLATFORM SP PR (PAH): Free Stock Analysis Report

ISRAEL CHEM LTD (ICL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

ICL

Other Topics

Investing Stocks

Latest Markets Videos