Neenah Inc (NYSE:NP)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $62.35 and traded as high as $66.74. Neenah shares last traded at $66.47, with a volume of 686 shares trading hands.
A number of research analysts recently issued reports on NP shares. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
The firm has a market capitalization of $1.12 billion, a P/E ratio of 19.01, a PEG ratio of 4.32 and a beta of 1.34. The company has a quick ratio of 1.31, a current ratio of 2.49 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average price of $62.50.
In other Neenah news, VP Larry Newton Brownlee sold 5,000 shares of Neenah stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $62.52, for a total transaction of $312,600.00. Following the completion of the sale, the vice president now directly owns 17,246 shares of the company’s stock, valued at approximately $1,078,219.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of NP. Norges Bank acquired a new stake in shares of Neenah during the fourth quarter worth about $14,031,000. Ceredex Value Advisors LLC increased its position in shares of Neenah by 40.4% during the first quarter. Ceredex Value Advisors LLC now owns 302,770 shares of the basic materials company’s stock worth $19,486,000 after purchasing an additional 87,114 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Neenah by 6.4% during the first quarter. Wells Fargo & Company MN now owns 1,222,695 shares of the basic materials company’s stock worth $78,693,000 after purchasing an additional 73,669 shares in the last quarter. Granite Investment Partners LLC increased its position in shares of Neenah by 22.6% during the first quarter. Granite Investment Partners LLC now owns 235,385 shares of the basic materials company’s stock worth $15,149,000 after purchasing an additional 43,387 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Neenah by 1.1% during the fourth quarter. BlackRock Inc. now owns 2,443,162 shares of the basic materials company’s stock worth $143,951,000 after purchasing an additional 26,071 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.
About Neenah (NYSE:NP)
Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.
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