Taking a Fresh Look at Platform Specialty Products Corporation (PAH)

Platform Specialty Products Corporation (PAH) is an interesting player in the Basic Materials space, with a focus on Specialty Chemicals. The stock has been active on the tape, currently trading at $10.00, up from yesterday’s close by 2.99%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Platform Specialty Products Corporation (PAH) currently trades with a market capitalization of $2.81 Billion. That value represents a market adjusting for revenues that have been growing by 12.49 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $122.7 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.2 on a per share basis this quarter. Perhaps, that suggests something about why 0.18% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Platform Specialty Products Corporation recorded a 52-week high of $14.82. It is now trading 4.82% off that level. The stock is trading $10.19 its 50-day moving average by 0.19%. The stock carved out a 52-week low down at $9.09.

In recent action, Platform Specialty Products Corporation (PAH) has made a move of -6.28% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.54% with $273.52 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PAH.

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