Separately, Roth Capital reissued a “buy” rating on shares of Trecora Resources in a report on Tuesday, August 6th.
Shares of TREC stock traded down $0.07 on Wednesday, reaching $7.21. The company’s stock had a trading volume of 41,449 shares, compared to its average volume of 46,073. The stock’s fifty day simple moving average is $8.37 and its 200-day simple moving average is $9.05. Trecora Resources has a 1 year low of $6.69 and a 1 year high of $10.54. The company has a current ratio of 3.31, a quick ratio of 2.80 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $190.30 million, a price-to-earnings ratio of 85.56 and a beta of 1.19.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in Trecora Resources during the third quarter worth $167,000. State Street Corp boosted its stake in Trecora Resources by 1.2% during the third quarter. State Street Corp now owns 398,427 shares of the basic materials company’s stock worth $3,594,000 after buying an additional 4,839 shares during the period. Monarch Partners Asset Management LLC boosted its stake in Trecora Resources by 13.5% during the third quarter. Monarch Partners Asset Management LLC now owns 72,175 shares of the basic materials company’s stock worth $651,000 after buying an additional 8,560 shares during the period. California Public Employees Retirement System boosted its stake in Trecora Resources by 5.3% during the third quarter. California Public Employees Retirement System now owns 51,291 shares of the basic materials company’s stock worth $463,000 after buying an additional 2,600 shares during the period. Finally, Rhumbline Advisers boosted its stake in Trecora Resources by 8.7% during the third quarter. Rhumbline Advisers now owns 33,746 shares of the basic materials company’s stock worth $304,000 after buying an additional 2,691 shares during the period. 49.12% of the stock is owned by institutional investors.
About Trecora Resources
Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.
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