American Biltrite (OTCMKTS:ABLT) Trading Down 2.6% – Here’s Why

American Biltrite Inc. (OTCMKTS:ABLTGet Free Report) was down 2.6% on Tuesday . The stock traded as low as $84.00 and last traded at $84.00. Approximately 30 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 110 shares. The stock had previously closed at $86.25.

American Biltrite Price Performance

The company has a market cap of $2.69 million, a PE ratio of -2.13 and a beta of 0.24. The business’s 50 day moving average price is $102.85 and its 200-day moving average price is $98.18. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 0.09.

American Biltrite Company Profile

(Get Free Report)

American Biltrite Inc, together with its subsidiaries, provides tape, jewelry, flooring, and rubber products worldwide. The company produces and offers pressure sensitive tapes, films, and protective sheeting under the American Biltrite and Ideal brands, which are used in various markets, such as automotive and transportation; construction; shoe/footwear; graphic arts, print, and signage; and various other industrial and consumer applications.

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