ICL Group (NYSE:ICL) Trading 2.3% Higher

ICL Group Ltd (NYSE:ICL)’s share price traded up 2.3% on Tuesday . The stock traded as high as $4.41 and last traded at $4.41. 140,301 shares changed hands during trading, a decline of 81% from the average session volume of 731,424 shares. The stock had previously closed at $4.31.

ICL Group Stock Up 0.9 %

The firm has a 50 day simple moving average of $4.58 and a two-hundred day simple moving average of $4.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.60. The stock has a market cap of $5.75 billion, a P/E ratio of 11.84, a P/E/G ratio of 6.31 and a beta of 1.25.

ICL Group (NYSE:ICL) last announced its earnings results on Thursday, May 9th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.66 billion. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. During the same quarter in the previous year, the business earned $0.23 EPS. Equities research analysts predict that ICL Group Ltd will post 0.33 earnings per share for the current year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, June 6th. ICL Group’s payout ratio is currently 48.65%.

Institutional Trading of ICL Group

Several hedge funds have recently added to or reduced their stakes in ICL. Massmutual Trust Co. FSB ADV raised its stake in shares of ICL Group by 103.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after buying an additional 3,612 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in shares of ICL Group in the 1st quarter worth $54,000. SVB Wealth LLC bought a new stake in shares of ICL Group in the 4th quarter worth $51,000. Blue Trust Inc. raised its stake in shares of ICL Group by 45.6% in the 4th quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock worth $62,000 after buying an additional 3,495 shares in the last quarter. Finally, Callan Capital LLC bought a new stake in shares of ICL Group in the 1st quarter worth $60,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.