Neenah (NYSE:NP) moved 1.70% to recent value of $40.08. The stock transacted 87614 shares during most recent day however it has an average volume of 110.09K shares. It spotted trading -48.32% off 52-week high price. On the other end, the stock has been noted 19.86% away from the low price over the last 52-weeks.
On April 2, 2020, Neenah (NYSE:NP) released that it had not closed on its agreement to acquire Vectorply Corporation (Vectorply) on April 1 as originally contemplated. Neenah had agreed to acquire Vectorply from MSouth Equity Partners for $155 million in cash.
Regarding our ongoing business during this challenging time, the health and safety of our employees are paramount and we’ve taken actions across our company to protect them, while also carefully managing costs, capital expenditures and working capital, said John O’Donnell, Chief Executive Officer. We exited 2019 with a conservative leverage position and our liquidity is strong. Our primary near-term focus is the health and welfare of our employees and business, and we feel confident in our ability to weather the current crisis.
NP has a gross margin of 19.50% and an operating margin of 8.30% while its profit margin remained 5.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained 49.90% for this year while earning per share for the next 5-years is expected to reach at 5.00%.
The company has 16.93M of outstanding shares and 16.66M shares were floated in the market. According to the most recent quarter its current ratio was 2.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.07% from the mean of 20 days, -29.21% from mean of 50 days SMA and performed -37.38% from mean of 200 days price. Company’s performance for the week was 1.03%, -31.03% for month and YTD performance remained -43.09%.