Ferro Corporation (FOE) has risen sharply, recording gains of 4.73% in the past 4 weeks. However, the stock has corrected -2.25% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.33% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Ferro Corporation has dropped 6.98% during the last 3-month period . Year-to-Date the stock performance stands at 17.45%. The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 2.96%.
Ferro Corporation (NYSE:FOE): The stock opened at $13.04 on Friday but the bulls could not build on the opening and the stock topped out at $13.11 for the day. The stock traded down to $12.98 during the day, due to lack of any buying support eventually closed down at $13.06 with a loss of -0.38% for the day. The stock had closed at $13.11 on the previous day. The total traded volume was 763,856 shares.
Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. It operates, approximately 33 facilities around the world that manufacture performance materials and performance chemicals. The Companys performance materials include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings. Ferro operates through four segments: Tile Coating Systems, Porcelain Enamel, Performance Colors and Glass, and Pigments, Powders and Oxides. Ferros products are used in a variety of product applications in markets including appliances, household furnishings, automobiles, industrial products, building and renovation, and packaging.