ICL Group (NYSE:ICL) Shares Gap Down to $4.62

ICL Group Ltd (NYSE:ICL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.62, but opened at $4.38. ICL Group shares last traded at $4.34, with a volume of 181,826 shares traded.

ICL Group Stock Down 6.7 %

The company has a current ratio of 1.60, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.66 billion, a P/E ratio of 11.68, a P/E/G ratio of 6.70 and a beta of 1.25. The firm’s fifty day moving average is $4.53 and its 200-day moving average is $4.76.

ICL Group (NYSE:ICL) last announced its earnings results on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $0.23 EPS. As a group, equities research analysts predict that ICL Group Ltd will post 0.33 earnings per share for the current year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Thursday, June 6th. ICL Group’s payout ratio is presently 48.65%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its holdings in ICL Group by 103.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 3,612 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of ICL Group during the fourth quarter worth approximately $51,000. Kathmere Capital Management LLC bought a new stake in shares of ICL Group during the first quarter valued at approximately $54,000. Callan Capital LLC bought a new stake in shares of ICL Group during the first quarter valued at approximately $60,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of ICL Group by 72,341.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,315 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 12,298 shares in the last quarter. 13.38% of the stock is owned by institutional investors.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.