Clearwater Paper (NYSE:CLW) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Clearwater Paper Corporation (NYSE:CLW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.60 and traded as high as $28.93. Clearwater Paper shares last traded at $28.72, with a volume of 127,949 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th.

Clearwater Paper Stock Up 2.9%

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.66 and a quick ratio of 0.80. The business's 50 day simple moving average is $28.80 and its 200 day simple moving average is $27.61. The company has a market capitalization of $500.00 million, a PE ratio of 2.98 and a beta of 0.10.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The basic materials company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.53). Clearwater Paper had a negative return on equity of 5.76% and a net margin of 9.90%. The firm had revenue of $378.20 million for the quarter, compared to analysts' expectations of $387.00 million.

Institutional Investors Weigh In On Clearwater Paper

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Clearwater Paper by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company's stock valued at $244,000 after acquiring an additional 390 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Clearwater Paper by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 17,056 shares of the basic materials company's stock valued at $433,000 after purchasing an additional 448 shares in the last quarter. Woodmont Investment Counsel LLC grew its holdings in shares of Clearwater Paper by 1.3% in the second quarter. Woodmont Investment Counsel LLC now owns 40,170 shares of the basic materials company's stock valued at $1,094,000 after purchasing an additional 500 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Clearwater Paper by 0.7% in the first quarter. Invesco Ltd. now owns 68,191 shares of the basic materials company's stock valued at $1,730,000 after purchasing an additional 501 shares in the last quarter. Finally, Significant Wealth Partners LLC grew its holdings in shares of Clearwater Paper by 5.7% in the second quarter. Significant Wealth Partners LLC now owns 12,639 shares of the basic materials company's stock valued at $344,000 after purchasing an additional 686 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.