American Biltrite (OTCMKTS:ABLT) Shares Down 3% – Should You Sell?

Shares of American Biltrite Inc. (OTCMKTS:ABLT) were down 3% during trading on Wednesday . The stock traded as low as $81.51 and last traded at $81.51. Approximately 3 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 2 shares. The stock had previously closed at $84.00.

American Biltrite Price Performance

The company has a 50-day moving average of $86.64 and a 200 day moving average of $97.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.58 and a current ratio of 1.35. The firm has a market cap of $2.45 million, a P/E ratio of -2.07 and a beta of 0.26.

American Biltrite (OTCMKTS:ABLT) last announced its quarterly earnings results on Monday, November 11th. The company reported ($14.10) earnings per share (EPS) for the quarter. American Biltrite had a negative net margin of 0.69% and a negative return on equity of 5.27%. The firm had revenue of $45.23 million for the quarter.

About American Biltrite

American Biltrite Inc, together with its subsidiaries, provides tape, jewelry, flooring, and rubber products worldwide. The company produces and offers pressure sensitive tapes, films, and protective sheeting under the American Biltrite and Ideal brands, which are used in various markets, such as automotive and transportation; construction; shoe/footwear; graphic arts, print, and signage; and various other industrial and consumer applications.