Heritage-Crystal Clean (NASDAQ:HCCI) Sets New 1-Year High at $29.03

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Heritage-Crystal Clean, Inc. (NASDAQ:HCCI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.03 and last traded at $28.79, with a volume of 344 shares traded. The stock had previously closed at $28.88.

A number of research firms have issued reports on HCCI. ValuEngine cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Barrington Research set a $31.00 price target on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a report on Tuesday, October 15th. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Finally, BidaskClub upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Heritage-Crystal Clean presently has a consensus rating of “Hold” and an average price target of $28.75.

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.61. The stock’s fifty day simple moving average is $26.49 and its 200-day simple moving average is $26.39. The company has a market capitalization of $648.51 million, a P/E ratio of 42.34, a PEG ratio of 1.96 and a beta of 1.42.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Heritage-Crystal Clean had a net margin of 3.01% and a return on equity of 6.86%. The firm had revenue of $104.84 million for the quarter, compared to the consensus estimate of $104.06 million. On average, research analysts predict that Heritage-Crystal Clean, Inc. will post 0.95 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new position in shares of Heritage-Crystal Clean during the second quarter valued at about $33,000. Aperio Group LLC acquired a new stake in shares of Heritage-Crystal Clean during the second quarter worth approximately $43,000. JPMorgan Chase & Co. increased its holdings in shares of Heritage-Crystal Clean by 14.2% during the second quarter. JPMorgan Chase & Co. now owns 4,126 shares of the industrial products company’s stock worth $108,000 after buying an additional 512 shares in the last quarter. Strs Ohio increased its holdings in shares of Heritage-Crystal Clean by 7.5% during the second quarter. Strs Ohio now owns 7,200 shares of the industrial products company’s stock worth $189,000 after buying an additional 500 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Heritage-Crystal Clean during the second quarter worth approximately $232,000. Institutional investors own 63.87% of the company’s stock.

About Heritage-Crystal Clean (NASDAQ:HCCI)

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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