For the readers interested in the stock health of Ballantyne Strong Inc (BTN). It is currently valued at $3.24. When the transactions were called off in the previous session, Stock hit the highs of $3.37, after setting-off with the price of $2.84. Company’s stock value dipped to $2.84 during the trading on the day. When the trading was stopped its value was $2.79.
Recently in News on April 12, 2021, Ballantyne Strong Portfolio Company GreenFirst To Acquire Forest and Paper Products Assets in Ontario and Quebec For $214 Million. Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company” or “Ballantyne Strong”) announced that portfolio company GreenFirst Forest Products Inc. (TSXV: GFP) (“GreenFirst”) has entered into a binding asset purchase agreement pursuant to which a wholly-owned subsidiary of GreenFirst has agreed to acquire a portfolio of forest and paper product assets from Rayonier A.M. Canada G.P. and Rayonier A.M. Canada Industries Inc., each a subsidiary of Rayonier Advanced Materials Inc. You can read further details here
Ballantyne Strong Inc had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.75 on 02/03/21, with the lowest value was $1.80 for the same time period, recorded on 01/29/21.
Ballantyne Strong Inc (BTN) full year performance was 85.14%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ballantyne Strong Inc shares are logging -13.60% during the 52-week period from high price, and 157.14% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.26 and $3.75.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 2019957 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Ballantyne Strong Inc (BTN) recorded performance in the market was 60.91%, having the revenues showcasing 53.57% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 58.06M, as it employees total of 232 workers.
Market experts do have their say about Ballantyne Strong Inc (BTN)
During the last month, 0 analysts gave the Ballantyne Strong Inc a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.31, with a change in the price was noted +1.62. In a similar fashion, Ballantyne Strong Inc posted a movement of +100.00% for the period of last 100 days, recording 300,420 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BTN is recording 0.20 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.04.
Technical breakdown of Ballantyne Strong Inc (BTN)
Raw Stochastic average of Ballantyne Strong Inc in the period of last 50 days is set at 73.85%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 86.32%. In the last 20 days, the company’s Stochastic %K was 67.85% and its Stochastic %D was recorded 48.10%.
Bearing in mind the latest performance of Ballantyne Strong Inc, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 60.91%. Additionally, trading for the stock in the period of the last six months notably improved by 102.50%, alongside a boost of 85.14% for the period of the last 12 months. The shares increased approximately by 29.60% in the 7-day charts and went up by 16.97% in the period of the last 30 days. Common stock shares were driven by 53.57% during last recorded quarter.