ICL Group (NYSE:ICL) Shares Gap Down – Should You Sell?

ICL Group Ltd (NYSE:ICL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $4.98, but opened at $4.86. ICL Group shares last traded at $4.85, with a volume of 89,422 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

ICL Group Stock Down 1.0 %

The firm’s 50-day simple moving average is $4.58 and its 200 day simple moving average is $4.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The company has a market cap of $6.29 billion, a P/E ratio of 15.45, a PEG ratio of 7.00 and a beta of 1.25.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same quarter in the prior year, the company posted $0.11 earnings per share. On average, research analysts forecast that ICL Group Ltd will post 0.35 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.0133 per share. This represents a $0.05 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Wednesday, December 4th. ICL Group’s dividend payout ratio is currently 45.16%.

Hedge Funds Weigh In On ICL Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP raised its stake in ICL Group by 35.6% during the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after buying an additional 2,985 shares during the period. Litman Gregory Wealth Management LLC bought a new position in shares of ICL Group during the 3rd quarter valued at about $56,000. Marshall Wace LLP bought a new position in shares of ICL Group during the 2nd quarter valued at about $56,000. Townsquare Capital LLC acquired a new position in shares of ICL Group in the 3rd quarter valued at approximately $56,000. Finally, Pitcairn Co. acquired a new stake in ICL Group during the 3rd quarter worth approximately $59,000. 13.38% of the stock is owned by institutional investors.

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.