CHURCHILL CAP C/SH Target of Unusually High Options Trading (NYSE:CCC)

CHURCHILL CAP C/SH (NYSE:CCC) saw unusually large options trading on Tuesday. Investors bought 543 put options on the stock. This represents an increase of approximately 906% compared to the average volume of 54 put options.

CCC stock opened at $17.45 on Wednesday. CHURCHILL CAP C/SH has a fifty-two week low of $9.52 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day moving average price of $16.90 and a 200 day moving average price of $16.07.

CHURCHILL CAP C/SH (NYSE:CCC) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $243.10 million during the quarter, compared to the consensus estimate of $242.35 million. CHURCHILL CAP C/SH’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities analysts predict that CHURCHILL CAP C/SH will post 0.27 EPS for the current year.

A number of research firms recently issued reports on CCC. ValuEngine cut CHURCHILL CAP C/SH from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus assumed coverage on shares of CHURCHILL CAP C/SH in a report on Monday, November 11th. They set a “hold” rating and a $18.00 price objective on the stock. Zacks Investment Research upgraded shares of CHURCHILL CAP C/SH from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, October 30th. Finally, B. Riley set a $20.00 target price on shares of CHURCHILL CAP C/SH and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. CHURCHILL CAP C/SH currently has an average rating of “Buy” and a consensus target price of $18.50.

About CHURCHILL CAP C/SH

Churchill Capital Corp, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.

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