ICL Group (NYSE:ICL) Sets New 52-Week Low – Time to Sell?

Shares of ICL Group Ltd. (NYSE:ICL) reached a new 52-week low during trading on Tuesday. The stock traded as low as $4.48 and last traded at $4.4650, with a volume of 96,376 shares changing hands. The stock had previously closed at $4.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered ICL Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Barclays decreased their price target on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a research report on Thursday, October 29th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, ICL Group presently has an average rating of “Hold” and an average price target of $6.00.

ICL Group Stock Up 2.9%

The company has a market capitalization of $6.09 billion, a P/E ratio of 19.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.58 and a quick ratio of 0.94. The company has a 50 day moving average of $5.19 and a 200-day moving average of $5.38.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.01 billion. ICL Group had a return on equity of 8.40% and a net margin of 3.95%. As a group, equities analysts anticipate that ICL Group Ltd. will post 0.43 EPS for the current year.

Institutional Trading of ICL Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new stake in ICL Group in the first quarter worth about $54,000. R Squared Ltd bought a new stake in ICL Group during the 1st quarter valued at approximately $62,000. 55 North Private Wealth LLC purchased a new position in shares of ICL Group during the 3rd quarter worth approximately $75,000. Abel Hall LLC purchased a new position in shares of ICL Group during the 3rd quarter worth approximately $96,000. Finally, Keybank National Association OH purchased a new position in shares of ICL Group during the 1st quarter worth approximately $101,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

About ICL Group

ICL Group Ltd. (NYSE: ICL) is a global specialty minerals and chemicals company headquartered in Israel. Formerly known as Israel Chemicals, the company was established in 1968 and develops, produces and markets mineral-based products for agriculture, food, and industrial applications.

Its agriculture business supplies potash and phosphate-based fertilizers, specialty plant nutrients, and related solutions designed to support crop production. ICL also produces ingredients for the food industry, including specialty phosphates and other functional materials used in food processing and nutrition applications.

The company’s industrial products include bromine-based compounds, flame retardants, water-treatment chemicals, and other specialty chemicals.