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).
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