Revlon Inc (NYSE:REV) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.36 and traded as high as $20.95. Revlon shares last traded at $20.83, with a volume of 438 shares.
Several equities analysts recently weighed in on the company. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th.
The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -5.57 and a beta of 0.26. The company has a 50-day moving average price of $21.36.
Revlon (NYSE:REV) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($1.20) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.47). The business had revenue of $553.20 million during the quarter, compared to analysts’ expectations of $553.60 million. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, analysts predict that Revlon Inc will post -2.76 earnings per share for the current fiscal year.
In other news, Director Ronald O. Perelman purchased 140,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was purchased at an average price of $21.34 per share, with a total value of $2,987,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald O. Perelman purchased 20,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was purchased at an average cost of $23.51 per share, with a total value of $470,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 240,000 shares of company stock valued at $5,231,000. Insiders own 87.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new stake in shares of Revlon in the 1st quarter valued at approximately $25,000. BNP Paribas Arbitrage SA grew its stake in shares of Revlon by 428.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,924 shares of the company’s stock valued at $37,000 after purchasing an additional 1,560 shares during the period. CenterStar Asset Management LLC bought a new stake in shares of Revlon in the 1st quarter valued at approximately $49,000. Advisory Services Network LLC bought a new stake in shares of Revlon in the 4th quarter valued at approximately $131,000. Finally, Bank of America Corp DE grew its stake in shares of Revlon by 9.9% in the 4th quarter. Bank of America Corp DE now owns 5,494 shares of the company’s stock valued at $139,000 after purchasing an additional 493 shares during the period. 13.48% of the stock is owned by hedge funds and other institutional investors.
Revlon Company Profile (NYSE:REV)
Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.
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