Oil-Dri Corporation Of America (NYSE:ODC) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Oil-Dri shares rose above their 200-day moving average, reaching $92.40 before last trading at $90.2350, compared with a 200-day average of $83.92.
• Analyst sentiment remains positive: one analyst rates the stock Buy, while the overall MarketBeat consensus is also “Buy”, despite one downgrade from Strong Buy.
• Oil-Dri has a $1.31 billion market capitalization, modest leverage with a 0.14 debt-to-equity ratio, and institutional investors own approximately 49.01% of its shares.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $83.92 and traded as high as $92.40. Oil-Dri Corporation Of America shares last traded at $90.2350, with a volume of 80,294 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Oil-Dri Corporation Of America Stock Down 0.6%

The company has a 50 day moving average of $92.09 and a 200-day moving average of $83.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.28 and a quick ratio of 2.40. The company has a market cap of $1.31 billion, a P/E ratio of 23.20 and a beta of 0.77.

Institutional Trading of Oil-Dri Corporation Of America

A number of large investors have recently modified their holdings of ODC. Integrated Wealth Concepts LLC purchased a new position in shares of Oil-Dri Corporation Of America during the second quarter worth about $244,000. Arizona State Retirement System purchased a new stake in Oil-Dri Corporation Of America in the second quarter valued at approximately $246,000. HighTower Advisors LLC raised its stake in Oil-Dri Corporation Of America by 5.0% in the second quarter. HighTower Advisors LLC now owns 3,847 shares of the specialty chemicals company's stock valued at $393,000 after purchasing an additional 184 shares in the last quarter. Susquehanna International Group LLP lifted its position in Oil-Dri Corporation Of America by 69.5% during the second quarter. Susquehanna International Group LLP now owns 6,550 shares of the specialty chemicals company's stock valued at $669,000 after purchasing an additional 2,686 shares during the last quarter. Finally, Sheets Smith Wealth Management lifted its position in Oil-Dri Corporation Of America by 2.2% during the second quarter. Sheets Smith Wealth Management now owns 8,911 shares of the specialty chemicals company's stock valued at $911,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 49.01% of the company's stock.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America develops, manufactures and markets absorbent mineral products for consumer and business customers. Its products are based primarily on attapulgite and other clay minerals and are designed to absorb liquids, control odors and improve handling in a range of applications.

The company's consumer products include cat litter and related pet-care products sold under brands such as Cat's Pride and Jonny Cat. Oil-Dri also supplies absorbent products used in industrial, automotive, agricultural, sports and other commercial applications, including products for fluid cleanup, waste management, turf maintenance and animal care.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois, and serves customers through retail, industrial and agricultural markets in the United States and selected international markets.

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