Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats. This segment also produces other activated carbon products for use in various applications, including food, water, beverage, and chemical purification. The Performance Chemicals segment comprises of pavement technologies, industrial specialties, and engineered polymers. It manufactures products derived from crude tall oil and lignin extracted from the kraft pulping process, as well as caprolactone monomers and derivatives derived from cyclohexanone and hydrogen peroxide. This segment's products are used in various applications comprising warm mix paving, pavement preservation, pavement reconstruction and recycling, oil well service additives, oil production, and downstream applications; and adhesives, agrochemical dispersants, lubricants, printing inks, industrial intermediates and oilfield, coatings, resins, elastomers, bioplastics, and medical devices. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.
Ingevity Price Performance
Shares of NGVT Stock traded up $0.19 during trading hours on Monday, hitting $68.91. The company had a trading volume of 149,125 shares, compared to its average volume of 218,313. Ingevity has a 12 month low of $56.31 and a 12 month high of $84.28. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 18.52 and a beta of 1.85. The firm's fifty day moving average is $65.76 and its 200 day moving average is $65.00. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.50 and a current ratio of 2.54.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on NGVT shares. StockNews.com upgraded Ingevity from a "buy" rating to a "strong-buy" rating in a research note on Friday. TheStreet upgraded Ingevity from a "c" rating to a "b-" rating in a research note on Friday, May 27th.