Some Traders Are Very Bearish on Lydall, Inc. (LDL) After Forming Double Bottom Chart Pattern

September 14, 2018 - By Catherine Diaz

Investors sentiment increased to 1.7 in 2018 Q2. Its up 0.45, from 1.25 in 2018Q1. It increased, as 9 investors sold Lydall, Inc. shares while 37 reduced holdings. 28 funds opened positions while 50 raised stakes. 15.79 million shares or 3.33% more from 15.28 million shares in 2018Q1 were reported.
The Texas-based Texas Permanent School Fund has invested 0.01% in Lydall, Inc. (NYSE:LDL). Northern Trust invested 0% in Lydall, Inc. (NYSE:LDL). Art Advsr Lc accumulated 12,254 shares or 0.02% of the stock. National Bank & Trust Of Montreal Can, Ontario – Canada-based fund reported 4,392 shares. Geode Cap Ltd Limited Liability Company holds 0% or 161,529 shares in its portfolio. Swiss Bancorp holds 0% or 30,100 shares. Price T Rowe Associate Inc Md invested in 1.47M shares. Tiaa Cref Invest Limited Liability Corp invested in 147,407 shares. Bankshares Of New York Mellon has 0% invested in Lydall, Inc. (NYSE:LDL). Bnp Paribas Arbitrage Sa reported 564 shares or 0% of all its holdings. Us Financial Bank De invested in 0.01% or 38,965 shares. Mufg Americas Hldg Corp holds 267 shares or 0% of its portfolio. State Of Tennessee Treasury Department owns 0% invested in Lydall, Inc. (NYSE:LDL) for 11,898 shares. Blackrock reported 0% stake. Loomis Sayles Lp invested in 351 shares or 0% of the stock.

Since March 16, 2018, it had 0 insider buys, and 1 sale for $100,450 activity.

The chart of Lydall, Inc. (LDL) shows a double bottom with $36.31 target or 9.00 % below today’s $39.90 share price. The 6 months chart pattern indicates high risk for the $693.45 million company. It was reported on Sep, 14 by Finviz.com. If the $36.31 price target is reached, the company will be worth $62.41 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.25% or $0.1 during the last trading session, reaching $39.9. About 1,749 shares traded. Lydall, Inc. (NYSE:LDL) has declined 15.56% since September 14, 2017 and is downtrending. It has underperformed by 31.18% the S&P500.

Analysts await Lydall, Inc. (NYSE:LDL) to report earnings on October, 30. They expect $0.61 earnings per share, 0.00 % or $0.00 from last year’s $0.61 per share. LDL’s profit will be $10.60 million for 16.35 P/E if the $0.61 EPS becomes a reality. After $0.70 actual earnings per share reported by Lydall, Inc. for the previous quarter, Wall Street now forecasts -12.86 % negative EPS growth.

Another recent and important Lydall, Inc. (NYSE:LDL) news was published by Globenewswire.com which published an article titled: “Lydall Completes Acquisition of Interface Performance Materials” on September 04, 2018.

Lydall, Inc. designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. The company has market cap of $693.45 million. It operates through Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals, and Thermal/Acoustical Fibers divisions. It has a 15.06 P/E ratio. The Performance Materials segment offers filtration media solutions for air, fluid power, and industrial applications, such as clean-space, commercial, HVAC, power generation, and industrial processes.

Lydall, Inc. (NYSE:LDL) Institutional Positions Chart

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