Albemarle rose 3.93% during the aftermarket session to $259.33 per share. As reported by Barrons: "Recent volatility in the stock market, and gloomy expectations for the price of the lithium, could amount to a way for investors to make some money, one analyst believes." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Albemarle Corporation is a fine chemical manufacturing company based in Charlotte, North Carolina. The company belongs to the Basic Materials sector, which has an average price to earnings (P/E) ratio of 10.03 and an average price to book (P/B) ratio of 2.08. In contrast, Albemarle has a trailing 12 month P/E ratio of 11.36 and a P/B ratio of 4.313.
Albemarle has moved 34.79% over the last year compared to -9.234238% for the S&P 500 -- a difference of 44.02%. Albemarle has a 52 week high of $334.02 and a 52 week low of $168.91. At today's price of $259.33 per share, Albemarle is -17.32% away from its target price of $313.67, and on average, analysts give the stock a rating of buy. 0.0385% of the company's shares are linked to short positions, and 87% of the shares are owned by institutional investors.
