AEP Industries Inc. (AEPI) Downgraded to “Hold” at TheStreet
Shares of AEP Industries (NASDAQ:AEPI) traded down 0.37% during midday trading on Monday, hitting $108.70. The company had a trading volume of 58,804 shares. The company has a market cap of $555.78 million, a price-to-earnings ratio of 14.46 and a beta of 0.73. The stock’s 50-day moving average price is $108.12 and its 200-day moving average price is $81.22. AEP Industries has a 12 month low of $56.89 and a 12 month high of $112.38.
AEP Industries (NASDAQ:AEPI) last announced its earnings results on Friday, September 9th. The company reported $1.22 earnings per share (EPS) for the quarter. AEP Industries had a return on equity of 37.72% and a net margin of 3.55%. The company had revenue of $283.69 million for the quarter. On average, equities research analysts forecast that AEP Industries will post $1.91 EPS for the current year.
In other AEP Industries news, major shareholder Ksa Capital Management, Llc sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $111.33, for a total value of $14,472,900.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.60% of the stock is owned by company insiders.
About AEP Industries
AEP Industries Inc is a manufacturer of plastic packaging films in North America. The Company is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries.
Receive News & Stock Ratings for AEP Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEP Industries Inc. and related stocks with our FREE daily email newsletter.