On Thursday Minerals Technologies Inc. (NYSE:MTX) stock dipped -4.67% and closed at 49.45. The stock opened the session at $51.81 and touched its highest price point at $51.94. Its recent trading capacity is 337633 shares versus to its average trading volume of 188460 shares. The company’s stock’s lowest price point for the session stood at $49.31.MTX traded as low as $ 45.26 in the past 52 weeks, and shares hit its peak level to $63.75.
On Oct. 31, 2019, Minerals Technologies Inc. (NYSE:MTX) disclosed diluted earnings per share of $1.06, excluding special items, for the third quarter ended September 29, 2019. Reported diluted earnings per share were $1.08.
Worldwide net sales were $449.3 million. Foreign exchange had an unfavorable impact on sales of 1 percentage point of growth. Operating income was $53.5 million and represented 11.9 percent of sales. Operating income excluding special items was $59.1 million and represented 13.2 percent of sales.
We delivered a solid third quarter highlighted by strong execution on a number of fronts – cost control, productivity improvements and progress on our restructuring initiatives – despite continued weakness in some of the markets we serve, said Douglas T. Dietrich, Chief Executive Officer. We captured opportunities to improve efficiencies across our operations, adjusted our costs to the current market environment, and continued to drive strong operating cash flow.
Eugene Harris joined us after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Eugene earned bachelor degree from Union College with a focus in Business Administration. Eugene is the Senior Editor and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
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Address – 797 Paradise Crescent, Hauterive, Quebec
Zip Code – G5C 1M1
Phone Number – 418-920-9491