Dino A. Rossi Sells 16,400 Shares of Balchem Corp. (BCPC) Stock
Balchem Corp. (NASDAQ:BCPC) Director Dino A. Rossi sold 16,400 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $77.85, for a total value of $1,276,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Balchem Corp. (NASDAQ:BCPC) opened at 77.23 on Friday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 44.13 and a beta of 0.79. Balchem Corp. has a 12 month low of $53.11 and a 12 month high of $79.88. The stock’s 50 day moving average price is $75.86 and its 200 day moving average price is $66.89.
Separately, Pivotal Research cut Balchem Corp. from a “hold” rating to a “sell” rating and lowered their price target for the company from $65.00 to $60.00 in a report on Friday, November 4th.
About Balchem Corp.
Balchem Corporation (Balchem) is engaged in the development, manufacture, distribution and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and medical sterilization industries. The Company operates in four segments: SensoryEffects, Animal Nutrition & Health (ANH), Specialty Products and Industrial Products.
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