ICL Group (NYSE:ICL) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

ICL Group Ltd. (NYSE:ICL) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.32 and traded as high as $6.54. ICL Group shares last traded at $6.5150, with a volume of 253,135 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ICL Group in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.57.

ICL Group Trading Up 0.1%

The company’s 50-day moving average price is $6.32 and its 200-day moving average price is $6.52. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 22.47 and a beta of 1.10. The company has a quick ratio of 1.05, a current ratio of 1.75 and a debt-to-equity ratio of 0.41.

ICL Group (NYSE:ICL) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. ICL Group had a net margin of 5.28% and a return on equity of 7.51%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Equities analysts expect that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Dividend Announcement

The business also recently announced a — dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a $0.0426 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a dividend yield of 290.0%. ICL Group’s dividend payout ratio (DPR) is 58.62%.

Institutional Trading of ICL Group

Institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC boosted its position in ICL Group by 36.7% during the third quarter. Evergreen Capital Management LLC now owns 49,616 shares of the basic materials company’s stock worth $311,000 after acquiring an additional 13,310 shares during the last quarter. Greenleaf Trust acquired a new position in ICL Group during the third quarter worth about $74,000. CWA Asset Management Group LLC boosted its position in ICL Group by 1.9% during the third quarter. CWA Asset Management Group LLC now owns 1,606,506 shares of the basic materials company’s stock worth $10,059,000 after acquiring an additional 29,490 shares during the last quarter. Ethic Inc. boosted its position in ICL Group by 55.5% during the third quarter. Ethic Inc. now owns 21,534 shares of the basic materials company’s stock worth $134,000 after acquiring an additional 7,684 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in ICL Group by 10.0% during the third quarter. Blue Trust Inc. now owns 34,594 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 3,132 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.