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

American Biltrite Inc. (OTCMKTS:ABLT)’s stock price dropped 3% 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 Stock Performance

The firm has a market capitalization of $2.45 million, a price-to-earnings ratio of -2.07 and a beta of 0.26. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $86.64 and its two-hundred day moving average is $97.81.

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

American Biltrite Company Profile

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.