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.
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.
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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