Sherritt International (TSE:S) Reaches New 52-Week Low – Should You Sell?

Sherritt International Co. (TSE:S)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.19 and last traded at C$0.20, with a volume of 156042 shares traded. The stock had previously closed at C$0.20.

Wall Street Analyst Weigh In

Separately, National Bankshares lowered their target price on Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th.

Sherritt International Stock Performance

The firm has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.25. The stock has a market capitalization of C$79.46 million, a price-to-earnings ratio of -0.63, a PEG ratio of 0.02 and a beta of 1.53. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last issued its quarterly earnings data on Monday, July 29th. The company reported C($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.07) by C$0.04. The firm had revenue of C$51.40 million during the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. As a group, sell-side analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current year.

About Sherritt International

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.