American Biltrite (OTCMKTS:ABLT) Shares Down 8.7% – Time to Sell?

Shares of American Biltrite Inc. (OTCMKTS:ABLT) dropped 8.7% on Thursday . The company traded as low as $71.00 and last traded at $71.00. Approximately 4 shares traded hands during trading, an increase of 105% from the average daily volume of 2 shares. The stock had previously closed at $77.75.

American Biltrite Stock Down 8.7%

The firm’s 50-day moving average price is $76.30 and its two-hundred day moving average price is $75.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 1.15. The firm has a market cap of $2.13 million, a PE ratio of -0.31 and a beta of -0.31.

American Biltrite (OTCMKTS:ABLT) last posted its earnings results on Friday, November 7th. The company reported ($38.94) EPS for the quarter. American Biltrite had a negative net margin of 4.16% and a negative return on equity of 34.23%. The company had revenue of $42.94 million during the quarter.

About American Biltrite

American Biltrite Inc, together with its subsidiaries, provides tape, jewelry, flooring, and rubber products worldwide. The company produces and offers pressure sensitive tapes, films, and protective sheeting under the American Biltrite and Ideal brands, which are used in various markets, such as automotive and transportation; construction; shoe/footwear; graphic arts, print, and signage; and various other industrial and consumer applications.