Trecora Resources (NYSE:TREC) insider Nicholas Carter sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $13.74, for a total transaction of $137,400.00. Following the completion of the sale, the insider now directly owns 477,536 shares of the company’s stock, valued at approximately $6,561,344.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Trecora Resources (NYSE TREC) remained flat at $$13.70 during trading on Wednesday. 77,126 shares of the company traded hands, compared to its average volume of 76,198. The company has a market capitalization of $332.99, a PE ratio of 44.19 and a beta of 1.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.66. Trecora Resources has a fifty-two week low of $10.12 and a fifty-two week high of $14.30.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Trecora Resources from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. B. Riley reaffirmed a “buy” rating on shares of Trecora Resources in a research report on Tuesday, March 6th. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Trecora Resources currently has a consensus rating of “Buy” and a consensus target price of $14.67.
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Trecora Resources Company Profile
Trecora Resources (TREC) is a provider of high-purity specialty hydrocarbons and waxes. TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high-purity hydrocarbons and other petrochemical manufacturing. The Company operates through two segments: specialty petrochemical products and specialty synthetic waxes.
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