Balchem (BCPC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Balchem (NASDAQ:BCPC) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Shares of NASDAQ:BCPC opened at $81.75 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Balchem has a one year low of $70.23 and a one year high of $88.47. The stock has a market cap of $2,618.98, a price-to-earnings ratio of 32.19 and a beta of 1.05.

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Balchem (NASDAQ:BCPC) last issued its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Balchem had a net margin of 15.14% and a return on equity of 14.16%. The firm had revenue of $159.26 million for the quarter.

A number of large investors have recently modified their holdings of BCPC. SeaCrest Wealth Management LLC bought a new stake in Balchem during the 4th quarter worth about $113,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Balchem by 158.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,206 shares of the basic materials company’s stock worth $179,000 after buying an additional 1,352 shares in the last quarter. Zions Bancorporation bought a new stake in Balchem during the 3rd quarter worth about $196,000. Citadel Advisors LLC bought a new stake in Balchem during the 3rd quarter worth about $212,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Balchem during the 4th quarter worth about $286,000. 88.99% of the stock is currently owned by hedge funds and other institutional investors.

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Balchem Company Profile

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.

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