Stella-Jones (OTCMKTS:STLJF) Stock Price Down 6.7% – Here’s What Happened

Stella-Jones Inc. (OTCMKTS:STLJF)’s stock price dropped 6.7% during mid-day trading on Friday . The company traded as low as $64.21 and last traded at $64.21. Approximately 7,577 shares traded hands during trading, a decline of 8% from the average daily volume of 8,254 shares. The stock had previously closed at $68.81.

Wall Street Analyst Weigh In

Separately, Scotiabank raised shares of Stella-Jones from a “sector perform” rating to an “outperform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Stella-Jones currently has an average rating of “Buy”.

Stella-Jones Stock Performance

The business’s 50-day moving average is $68.51 and its two-hundred day moving average is $62.56.

Stella-Jones (OTCMKTS:STLJF) last issued its earnings results on Thursday, February 26th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The business had revenue of $529.37 million for the quarter, compared to analysts’ expectations of $554.50 million.

Stella-Jones Company Profile

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.