Platform Specialty Products Corporation (NYSE:PAH) fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $9.48 and last traded at $10.26. 4,804,300 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 2,315,249 shares. The stock had previously closed at $10.17.

Several equities research analysts recently weighed in on PAH shares. Credit Suisse Group started coverage on shares of Platform Specialty Products Corporation in a research note on Wednesday. They issued a “neutral” rating and a $12.00 target price for the company. BidaskClub cut shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. UBS AG reiterated a “buy” rating and issued a $17.00 target price (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. Finally, Barclays PLC reduced their target price on shares of Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Platform Specialty Products Corporation has an average rating of “Hold” and a consensus target price of $13.50.

The stock has a market capitalization of $2,733.17, a P/E ratio of 13.04, a P/E/G ratio of 1.01 and a beta of 3.27. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.05 and a quick ratio of 1.55.

Platform Specialty Products Corporation (NYSE:PAH) last posted its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Platform Specialty Products Corporation had a negative net margin of 4.12% and a positive return on equity of 7.45%. The firm had revenue of $904.30 million during the quarter, compared to the consensus estimate of $912.19 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue was up 1.5% on a year-over-year basis. equities research analysts anticipate that Platform Specialty Products Corporation will post 0.77 earnings per share for the current year.

In other news, EVP John Edward Capps bought 2,500 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the purchase, the executive vice president now owns 2,500 shares of the company’s stock, valued at approximately $26,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rakesh Sachdev purchased 11,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $11.06 per share, with a total value of $121,660.00. Following the acquisition, the chief executive officer now owns 11,000 shares of the company’s stock, valued at $121,660. The disclosure for this purchase can be found here. Insiders bought 60,500 shares of company stock valued at $664,865 in the last quarter. 6.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System increased its holdings in shares of Platform Specialty Products Corporation by 1.5% in the third quarter. California Public Employees Retirement System now owns 445,400 shares of the specialty chemicals company’s stock valued at $4,966,000 after purchasing an additional 6,500 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Platform Specialty Products Corporation in the third quarter valued at approximately $1,737,000. Highbridge Capital Management LLC acquired a new stake in shares of Platform Specialty Products Corporation in the third quarter valued at approximately $5,373,000. Janus Henderson Group PLC increased its holdings in shares of Platform Specialty Products Corporation by 38.1% in the third quarter. Janus Henderson Group PLC now owns 3,401,444 shares of the specialty chemicals company’s stock valued at $37,926,000 after purchasing an additional 939,263 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Platform Specialty Products Corporation in the third quarter valued at approximately $111,000. 93.91% of the stock is owned by institutional investors and hedge funds.

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Platform Specialty Products Corporation Company Profile

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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