Casella Waste Systems (NASDAQ:CWST) spotted trading -3.24% off 52-week high price. On the other end, the stock has been noted 64.04% away from the low price over the last 52-weeks. The stock changed -1.80% to recent value of $40.37. The stock transacted 189237 shares during most recent day however it has an average volume of 241.48K shares. The company has 46.51M of outstanding shares and 44.22M shares were floated in the market.
On June 21, 2019 Casella Waste Systems (NASDAQ:CWST) a regional vertically integrated solid waste, recycling and resource management services company, announced that it has signed an Asset Purchase Agreement to purchase select solid waste assets in Albany, NY and Cheshire, MA from certain subsidiaries of Republic Services
The target assets to be acquired generate approximately $30 million of annualized revenues. The transaction is expected to close by the end of the third quarter and remains subject to customary conditions precedent to closing.
We are excited to work with Republic and their employees to successfully close this acquisition in an efficient manner, said John W. Casella, Chairman and CEO of Casella Waste Systems These markets are a natural fit to our existing operations, and we look forward to welcoming Republic’s hard-working employees to our team and maintaining the same excellent service standards for their customers. Its earnings per share (EPS) expected to touch remained 116.10% for this year while earning per share for the next 5-years is expected to reach at 3.90%. CWST has a gross margin of 31.20% and an operating margin of 5.10% while its profit margin remained 1.30% for the last 12 months.
According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.98% from the mean of 20 days, 6.93% from mean of 50 days SMA and performed 21.84% from mean of 200 days price. Company’s performance for the week was 2.62%, 3.78% for month and YTD performance remained 41.70%.
Luke Byrne– Category – Financial
Luke Byrne holds degree is in Economics and have worked in accounting, finance, and database management. His most recent full-time position was with a non-profit, handling all in-house bookkeeping as well as the Membership Program and the member database. His current work is providing web content as well as proofreading and editing services. He possesses over 10 years of investment experience, and he is also certified in Risk Management Assurance. Luke is a self-taught investor and follows the value investing approach to picking stocks. He currently covers Financial News category for our site.
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