Continental Materials Corporation’s (CUO)
On Wednesday, shares of Continental Materials Corporations (NYSE: CUO) surged 3.33% in the trading session and finally closed at $10.85. The company most recent volume stood at 165 shares as compared to the average volume of 1.20K shares. Over the one-year trading period, the stock has a high price of $24.92 and its low price is recorded at $10.08.
The average true range of Continental Materials Corporation’s (CUO) is recorded at 0.48 and the relative strength index of the stock stands 27.90. The stock price is going above its 52 week low with 6.25% and lagging behind its 52 weeks high with -57.02%. A look at the firm performance, its monthly performance is -28.96% and a quarterly performance of -42.70%. The stock price is trading downbeat from its 200 days moving average with -32.77% and down from 50 days moving average of -27.10%.
Continental Materials Corporation (NYSE: CUO) recently stated a net loss of $4.84M or $2.82 per share for the second quarter ended June 29, 2019 contrast to net income of $2.12M or $1.24 per share for the second quarter ended June 30, 2018.
Consolidated sales
Consolidated sales in the second quarter of 2019 were $25.26M or $0.3M (1.2%) lower than the second quarter of 2018. The decrease is primarily Because of lower sales in the Construction Materials section, down 29.0%, as one of the main operating quarries was mined out and moved to complete reclamation. The HVAC section stated sales down 1.9% over the second quarter of the previous year. The Door section stated a sales increase of 11.6% in the second quarter of 2019 in contrast to the second quarter of the previous year.
Consolidated sales in the first six months of 2019 were $47.79M a decrease of $1.18M or 2.4% in contrast to the first six months of 2018. The Door section stated a sales increase of 6.1%, however, the HVAC and Construction Materials sections stated sales decreases of 3.2% and 17.7%, respectively.
The consolidated operating loss for the second quarter of 2019 was $5.42M in contrast to operating income of $1.02M in the second quarter of the previous year.
consolidated operating
The consolidated operating loss for the first six months of 2019, before the gain from a legal settlement discussed above, was $7.83M. The consolidated operating profit for the first half of 2018, before the write-off of deferred development, was $0.33M.
Interest expense in the second quarter of 2019 was $0.102M contrast to $0.17M in the second quarter of 2018.
Interest expense for the first six months of 2019 was $0.174M in contrast to $0.28 in the first six months of 2018 Because of lower average borrowings combined with the fixed nature of certain bank fees and charges. The average outstanding funded debt in the first six months of 2019 was $0.513M in contrast to $5.78M in the first six months of 2018.
