FutureFuel (NYSE:FF) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• FutureFuel Corp.'s share price recently surpassed its 200-day moving average of $3.98, reaching a high of $4.19 during trading, indicating potential momentum in its stock performance.
• Despite this upward movement, Weiss Ratings has maintained a "sell (d)" rating on the stock, which reflects cautious sentiment among analysts regarding FutureFuel's future performance.
• Institutional investors have significantly increased their holdings in FutureFuel, with Nisa Investment Advisors raising their stake by 740.5% in the second quarter, highlighting growing interest from larger investors.

FutureFuel Corp. (NYSE:FF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.98 and traded as high as $4.19. FutureFuel shares last traded at $4.19, with a volume of 160,964 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of FutureFuel in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".

FutureFuel Stock Performance

The firm has a market cap of $183.52 million, a price-to-earnings ratio of -6.87 and a beta of 0.61. The business's 50 day moving average price is $3.89 and its 200-day moving average price is $3.98.

FutureFuel (NYSE:FF - Get Free Report) last issued its earnings results on Monday, August 11th. The energy company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $35.67 million during the quarter. FutureFuel had a negative net margin of 15.95% and a negative return on equity of 13.47%.

Institutional Investors Weigh In On FutureFuel

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in FutureFuel by 740.5% during the second quarter. Nisa Investment Advisors LLC now owns 9,800 shares of the energy company's stock worth $38,000 after acquiring an additional 8,634 shares during the period. PNC Financial Services Group Inc. raised its stake in FutureFuel by 527.1% during the second quarter. PNC Financial Services Group Inc. now owns 9,990 shares of the energy company's stock worth $39,000 after acquiring an additional 8,397 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in FutureFuel during the second quarter worth about $55,000. Mosaic Family Wealth Partners LLC raised its stake in FutureFuel by 47.5% during the second quarter. Mosaic Family Wealth Partners LLC now owns 15,548 shares of the energy company's stock worth $60,000 after acquiring an additional 5,009 shares during the period. Finally, Cerity Partners LLC raised its stake in FutureFuel by 15.9% during the first quarter. Cerity Partners LLC now owns 22,391 shares of the energy company's stock worth $87,000 after acquiring an additional 3,076 shares during the period. Institutional investors and hedge funds own 44.56% of the company's stock.

About FutureFuel

FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.

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