Digging Up the Facts on PPG Industries, Inc. (PPG)

PPG Industries, Inc. (PPG) 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 $105.11, down from yesterday’s close by -0.68%. 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

PPG Industries, Inc. (PPG) currently trades with a market capitalization of $26.63 Billion. That value represents a market adjusting for revenues that have been growing by 8.61 % 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 $1.21 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.9 on a per share basis this quarter. Perhaps, that suggests something about why 0.57% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, PPG Industries, Inc. recorded a 52-week high of $122.07. It is now trading 16.96% off that level. The stock is trading $104.86 its 50-day moving average by -0.25%. The stock carved out a 52-week low down at $100.36.

In recent action, PPG Industries, Inc. (PPG) has made a move of +3.63% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.54, 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 2.24% with $248.97 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PPG.

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