It is currently trading at $12.96 a tad above the 50 day moving average of $12.39 and which is quite a bit above the 200 day moving average of $9.79. The 50 day moving average went up by +4.60% whereas the 200 day moving average was up $3.17 or +32.39%. Trading volume for Layne Christensen Company was 384 on Tuesday. Trading volume was down 99.50% under the stocks average daily volume.
Traders are more bearish on the company as shown by the increase in short interest. The stock recorded a rise in short interest between September 15, 2017 and September 29, 2017 of 0.27%. Short interest increased from 3,505,494 to 3,514,975 over that timeframe. Days to cover increased 10.0 to 21.0 and the short interest percentage is 0.18% as of September 29.
These firms have modified their investment in LAYN. Allianz Asset Management Gmbh cut its stake by selling 3,960 shares a decrease of 3.7% in the quarter. Allianz Asset Management Gmbh owns 102,874 shares valued at $904,000. The total value of its holdings decreased 4.2%. As of quarter end Ancora Advisors, LLC had acquired a total of 13,623 shares growing its stake by 11.3%. The value of the investment in Layne Christensen Company went from $1,067,000 to $1,181,000 a change of $114,000 for the reporting period.
Crystal Rock Capital Management grew its ownership by buying 84,795 shares an increase of 75.1% from 03/31/2017 to 06/30/2017. Crystal Rock Capital Management currently owns 197,648 shares with a value of $1,737,000. The value of the position overall is up by 74.0%. As of the end of the quarter Cove Street Capital, LLC had bought 100,000 shares growing its holdings by 100.0%. The value of the company’s investment in Layne Christensen Company increased from $884,000 to $1,758,000 a change of 98.9% quarter over quarter.
As of the latest earnings report the EPS was $-3.33 and is projected to be $-0.40 for the current year with 19,881,000 shares outstanding. Next quarter’s EPS is expected be $-0.08 and the next full year EPS is anticipated to be $0.51.
Layne Christensen Company (Layne), launched on May 19, 1981, is a global water management, construction and drilling company. The Company provides water, mineral and energy solutions. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Layne provides construction solutions for the management of water in various industries and environments. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. Layne serves customers, such as government agencies, investor-owned utilities, industrial companies, global mining companies, consulting engineering firms, oil and gas companies, power companies and agribusiness..