Trecora Resources (NYSE:TREC) Trading 7.8% Higher

Trecora Resources (NYSE:TREC) shares traded up 7.8% on Thursday . The stock traded as high as $6.70 and last traded at $6.62. 139,159 shares traded hands during trading, an increase of 160% from the average session volume of 53,482 shares. The stock had previously closed at $6.14.

Separately, ValuEngine upgraded shares of Trecora Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 2nd.

The company has a current ratio of 3.92, a quick ratio of 3.64 and a debt-to-equity ratio of 0.49. The stock has a market cap of $163.61 million, a P/E ratio of -15.42 and a beta of 0.78. The firm’s 50-day simple moving average is $6.09 and its 200 day simple moving average is $5.80.

Trecora Resources (NYSE:TREC) last posted its earnings results on Tuesday, August 4th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Trecora Resources had a positive return on equity of 0.42% and a negative net margin of 4.52%. The firm had revenue of $40.67 million during the quarter, compared to the consensus estimate of $49.10 million. On average, analysts anticipate that Trecora Resources will post 0.23 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Trecora Resources by 8.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 62,175 shares of the basic materials company’s stock valued at $390,000 after acquiring an additional 4,695 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Trecora Resources by 99.8% in the second quarter. Bank of America Corp DE now owns 9,690 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 4,841 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Trecora Resources by 16.9% in the second quarter. American International Group Inc. now owns 14,776 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 2,141 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Trecora Resources by 305.2% in the second quarter. Goldman Sachs Group Inc. now owns 55,001 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 41,428 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Trecora Resources by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 88,183 shares of the basic materials company’s stock valued at $553,000 after acquiring an additional 3,293 shares in the last quarter. Institutional investors and hedge funds own 54.90% of the company’s stock.

Trecora Resources Company Profile (NYSE:TREC)

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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