Compass Minerals International (NYSE:CMP) Trading Down 4.1% – Should You Sell?

Compass Minerals International, Inc. (NYSE:CMP) dropped 4.1% during mid-day trading on Monday . The stock traded as low as $14.56 and last traded at $14.79. Approximately 62,585 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 812,105 shares. The stock had previously closed at $15.43.

Analyst Upgrades and Downgrades

CMP has been the subject of several research reports. BMO Capital Markets reissued a “market perform” rating and issued a $20.00 price target on shares of Compass Minerals International in a research report on Wednesday, September 18th. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.00.

Compass Minerals International Trading Down 4.4 %

The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The firm has a 50 day simple moving average of $13.15 and a two-hundred day simple moving average of $11.82. The firm has a market capitalization of $611.37 million, a P/E ratio of -3.76 and a beta of 1.10.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.34). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. The company had revenue of $202.90 million for the quarter, compared to the consensus estimate of $201.86 million. Equities research analysts forecast that Compass Minerals International, Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Compass Minerals International

A number of hedge funds have recently made changes to their positions in CMP. Denver PWM LLC bought a new stake in shares of Compass Minerals International during the 2nd quarter worth $29,000. Signaturefd LLC raised its stake in Compass Minerals International by 629.4% in the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 2,077 shares during the period. Ridgewood Investments LLC bought a new stake in Compass Minerals International in the 2nd quarter valued at about $37,000. Allspring Global Investments Holdings LLC bought a new stake in Compass Minerals International in the 2nd quarter valued at about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Compass Minerals International in the 2nd quarter valued at about $46,000. 99.78% of the stock is currently owned by institutional investors.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.