Clearwater Paper (NYSE:CLW) Stock Price Crosses Above 200 Day Moving Average of $18.28

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Clearwater Paper Corp (NYSE:CLW) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.28 and traded as high as $22.08. Clearwater Paper shares last traded at $21.80, with a volume of 3,160 shares traded.

CLW has been the subject of a number of recent research reports. KeyCorp reiterated a “hold” rating on shares of Clearwater Paper in a research note on Thursday, October 24th. ValuEngine raised Clearwater Paper from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Zacks Investment Research cut Clearwater Paper from a “hold” rating to a “strong sell” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $30.33.

The stock’s fifty day moving average is $19.86 and its 200-day moving average is $18.36. The stock has a market capitalization of $361.53 million, a PE ratio of 8.78 and a beta of 1.99. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.57 and a quick ratio of 0.62.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.18). The business had revenue of $445.19 million during the quarter, compared to analyst estimates of $450.00 million. Clearwater Paper had a positive return on equity of 0.51% and a negative net margin of 11.13%. During the same period in the previous year, the company posted $1.35 EPS. On average, analysts forecast that Clearwater Paper Corp will post -0.38 EPS for the current year.

In other Clearwater Paper news, insider Harrison David bought 4,483 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $5.74 per share, with a total value of $25,714.49. Corporate insiders own 3.97% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in Clearwater Paper in the 2nd quarter valued at about $38,000. Public Employees Retirement System of Ohio lifted its holdings in Clearwater Paper by 10.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,449 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 532 shares during the last quarter. Parallax Volatility Advisers L.P. acquired a new position in Clearwater Paper in the second quarter valued at approximately $124,000. State of Tennessee Treasury Department grew its position in Clearwater Paper by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 7,426 shares of the basic materials company’s stock worth $157,000 after acquiring an additional 584 shares during the period. Finally, United Services Automobile Association purchased a new position in Clearwater Paper in the second quarter worth approximately $200,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

About Clearwater Paper (NYSE:CLW)

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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