NewMarket (NYSE:NEU) Issues Earnings Results

NewMarket (NYSE:NEU) released its quarterly earnings data on Monday. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter, Zacks reports. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Stock Down 2.8 %

NEU stock traded down $13.94 during trading on Monday, reaching $484.08. 41,531 shares of the company traded hands, compared to its average volume of 32,463. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 10.75 and a beta of 0.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. The business has a 50 day simple moving average of $518.60 and a 200 day simple moving average of $536.25. NewMarket has a 12 month low of $480.00 and a 12 month high of $650.00.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.