Harsco Corporation (HSC) has risen sharply, recording gains of 49.23% in the past 4 weeks. However, the stock has corrected -1.52% 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 39.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Harsco Corporation (NYSE:HSC): The stock opened at $9.80 on Friday but the bulls could not build on the opening and the stock topped out at $9.97 for the day. The stock traded down to $9.59 during the day, due to lack of any buying support eventually closed down at $9.70 with a loss of -1.12% for the day. The stock had closed at $9.81 on the previous day. The total traded volume was 946,062 shares.
The stock has recorded a 20-day Moving Average of 25.27% and the 50-Day Moving Average is 38%. Harsco Corporation is up 30.9% in the last 3-month period. Year-to-Date the stock performance stands at 24.06%.
Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the global metals industries. Harsco Industrial segment includes the Harsco Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a provider of equipment and services for the maintenance, repair and construction of railway track. The Companys principal lines of business include outsourced, on-site services of material logistics and resource recovery for iron, steel and metals manufacturing; air-cooled heat exchangers; industrial grating products; heat transfer products, and railway track maintenance services and equipment.