USG Corporation (NYSE:USG) Sees Volatile Trading – Up by 6.15%

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USG Corporation (NYSE:USG) last traded at $31.23 with a low of $29.61 and high of $31.83. The change distinguishes the stock as one of the most volatile of the day.

It is among the market’s biggest gainers. Company shares last traded at $31.23 quite a bit above the 50 day moving average which is $28.31 and a bit higher than the 200 day moving average of $29.74. The 50 day moving average went up $2.92 or +10.31% and the 200 day average was up $1.49.

Short Interest

Traders are more bearish recently as shown by the change in short interest. The firm had a rise in short interest of 3.27% as of August 31, 2017 from the last reporting period. Short shares grew from 13,606,496 to 14,051,885 over that timeframe. The short-interest ratio decreased to 6.0 and the percentage of shorted shares was 0.10% on August 31.

Recent Analyst Ratings

September 18 investment analysts at Nomura made no change to the company rating of “Neutral” and lowered the price target to $31.00 from $32.00. On July 27 the company was rated “Neutral” by Bank of America a cut from the previous “Hold” rating.

On July 24, 2017 the stock rating was changed to “Neutral” in a report from CL King which is down from the previous “Strong Buy” rating.

Earnings Per Share

The P/E ratio is currently 10.02 and the market value is 4.48B. In the last earnings report the EPS was $3.12 and is projected to be $1.68 for the current year with 143,409,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.37 with next year’s EPS anticipated to be $2.08.

Company Information

USG Corporation, launched on October 22, 1984, through its subsidiaries, is a manufacturer and distributor of building materials. The Business’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). The Company produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes. The Business’s products are distributed through building materials dealers, home improvement centers and other retailers, specialty wallboard distributors and contractors..