TOR Minerals International (OTCMKTS:TORM) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

TOR Minerals International Inc (OTCMKTS:TORM)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.96 and traded as low as $1.82. TOR Minerals International shares last traded at $1.82, with a volume of 9,731 shares trading hands.

TOR Minerals International Trading Up 18.1%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.40 and a current ratio of 4.94. The firm has a market cap of $7.61 million, a PE ratio of -215.00 and a beta of 0.21. The stock’s 50 day simple moving average is $2.32 and its 200 day simple moving average is $1.96.

TOR Minerals International (OTCMKTS:TORM) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $0.03 EPS for the quarter. The firm had revenue of $6.49 million for the quarter. TOR Minerals International had a negative return on equity of 5.24% and a negative net margin of 2.53%.

About TOR Minerals International

TOR Minerals International, Inc is a specialty minerals company that develops, manufactures and markets mineral-based products for industrial applications. Its offerings have included functional fillers, extenders and specialty pigments designed to improve characteristics such as opacity, whiteness, durability and performance in finished products.

The company has been associated with products used in coatings, paints, plastics, construction materials, adhesives and sealants. Its product portfolio has included HITOX, a titanium dioxide-related pigment and extender product, along with other mineral products based on materials such as aluminum oxide and calcium carbonate.

Founded in 1973 and headquartered in Corpus Christi, Texas, TOR Minerals has marketed its products to customers in the United States and international markets.