Quanex Building Products Corporation (NYSE:NX)
December 5th, 2018
Amidst falling markets Quanex Building Products Corporation finished Tuesday’s trading session down 13.18%, a $2.07 decrease to close on $13.63. With an estimated five days to the next earnings report, everyone is watching Quanex Building Products Corporation. As well as the drop in value, Quanex Building Products Corporation hit a new 52 week low of $13.60, breaking the previous low of $14.68 from earlier this September. Despite the drop in value, trading volumes were solid at 212% of normal which can indicate investor opportunities.
NX was outperformed by the rest of the Industrials sector which went down only 4.35%.
Results from 2 analysts indicates that Quanex Building Products Corporation might go up significantly (50%), while Finbox has calculated (with medium uncertainty) a fair value price of $16.67.
The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.
Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary both saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.
- Utilities went up with a 0.15% change.
- Real Estate went down with a -1.26% change.
- Consumer Staples went down with a -1.63% change.
- Healthcare went down with a -2.30% change.
- Energy went down with a -2.93% change.
- Materials went down with a -3.08% change.
- Communication Services went down with a -3.14% change.
- Information Technology went down with a -3.86% change.
- Consumer Discretionary went down with a -3.91% change.
- Industrials went down with a -4.35% change.
- Financials went down with a -4.40% change.
Quanex Building Products Corporation Info
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers; extruded vinyl profiles; window and door screens; cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry; and precision-formed metal and wood products, as well as solar panel sealants, trim moldings, vinyl decking and fencing products, water retention barriers, and conservatory roof components. It sells its products to OEMs in the building products industry through sales representatives, direct sales force, distributors, and independent sales agents. The company is headquartered in Houston, Texas.
All amounts in USD unless otherwise indicated
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