NEW YORK, November 22, 2016 /PRNewswire/ --
Stock-Callers.com today takes a look back at the Specialty Chemicals industry which is expected to grow during the period of
2016 to 2021 due to rapid global demand for enhanced chemicals, and the rise of manufacturing activities in developing countries.
Equities for assessment today are: Platform Specialty Products Corp. (NYSE: PAH), Olin Corp. (NYSE: OLN), Axalta Coating Systems
Ltd (NYSE: AXTA), and Westlake Chemical Corp. (NYSE: WLK). Learn more about these stocks by downloading their free research
reports in PDF format at:
http://stock-callers.com/registration
Platform Specialty Products
West Palm Beach, Florida headquartered Platform Specialty Products Corp.'s shares rose 4.23%,
and finished Monday's trading session at $8.87. A total volume of 2.19 million shares was traded.
In the last one month, the stock has advanced 17.95%. The Company's shares are trading above their 50-day and 200-day moving
averages by 11.07% and 3.28%, respectively. Moreover, shares of Platform Specialty Products, which produces and sells specialty
chemical products in the Americas, the Asia-Pacific, and Europe, have a Relative Strength Index (RSI) of 66.95.
On November 04th, 2016, Platform Specialty Products reported that net sales on a
reported basis for Q3 2016 were $891 million, an increase of 49.1%. On a comparable basis over Q3
2015, excluding the impact of currency changes, metals prices and divestitures, organic sales increased 3.0% year-over-year. The
company's Q3 2016 reported net income attributable to common stockholders was $105 million compared
to a net loss of $140 million for Q3 2015. Adjusted EBITDA for Q3 2016 was $190 million, an increase of 14.4% on a comparable basis over Q3 2015.
On November 07th, 2016, research firm Nomura upgraded the Company's stock rating from
'Neutral' to 'Buy'. Sign up and read the free research report on PAH at:
http://stock-callers.com/registration/?symbol=PAH
Olin
On Monday, shares in Clayton, Missouri headquartered Olin Corp. recorded a trading volume of
1.91 million shares, and ended the session 1.07% higher at $25.42. The stock has gained 17.44% in
the last one month, 18.36% in the previous three months, and 53.71% on an YTD basis. The Company's shares are trading 21.02%
above their 50-day moving average and 26.12% above their 200-day moving average. Furthermore, shares of Olin, which manufactures
and distributes chemical products in the US and internationally, have an RSI of 80.54.
On October 31st, 2016, Olin reported that Q3 2016 net income was $17.5 million, or $0.11 per diluted share, compared to net loss of $1.0 million, or $0.01 per diluted share in Q2 2016. The company reported Q3 2016
adjusted EBITDA of $221.9 million, which reflects depreciation and amortization expense of
$135.3 million, restructuring charges of $5.2 million, and
acquisition-related integration costs of $13.1 million. Sales in Q3 2016 were $1.45 billion compared to sales of $1.36 billion in Q2 2016. The complimentary
research report on OLN can be downloaded at:
http://stock-callers.com/registration/?symbol=OLN
Axalta Coating Systems
Shares in Philadelphia, Pennsylvania headquartered Axalta Coating Systems Ltd closed the day
at $26.27, climbing 0.50%. The stock recorded a trading volume of 936,331 shares. The Company's
shares have gained 0.46% in the last month, and are trading 1.15% below their 50-day moving average. Additionally, shares of
Axalta Coating Systems, which through its subsidiaries, manufactures, markets, and distributes high performance coatings products
primarily for the transportation industry, have an RSI of 53.20.
On November 21st, 2016, Axalta Coating Systems introduced Alesta® BK08 20 Gloss, a
new semi-matte powder coating is designed to offer an extremely smooth appearance while providing weatherability on a variety of
surfaces. The company stated that product evaluations indicate better gloss and color retention over standard polyester powder
products on the market. Register for free on Stock-Callers.com and access the latest report on AXTA at:
http://stock-callers.com/registration/?symbol=AXTA
Westlake Chemical
At the closing bell yesterday, shares in Houston, Texas headquartered Westlake Chemical Corp.
ended 5.70% higher at $55.84. A total volume of 1.45 million shares was traded, which was above
their three months average volume of 1.01 million shares. The stock has advanced 6.73% in the last one month, 7.82% over the
previous three months, and 4.07% since the start of this year. The Company's shares are trading above their 50-day and 200-day
moving averages by 7.29% and 17.82%, respectively. Furthermore, shares of Westlake Chemical, which manufactures and markets basic
chemicals, vinyls, polymers, and building products, have an RSI of 63.57.
On November 21st, 2016, Westlake Chemical's Board of Directors announced a dividend
of $0.1906 per share. The dividend will be payable on December
16th, 2016, to stockholders of record December 1st, 2016. This is the
49th successive quarterly dividend that Westlake Chemical has declared since completing its initial public offering in
August 2004. Get free access to your research report on WLK at:
http://stock-callers.com/registration/?symbol=WLK
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment
newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments.
One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports
covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered
analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and
micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a
third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on
analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document
templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is
believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed
any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently
reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or
interfere in the application of such procedures by the third-party research service company to the articles, documents or
reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or
the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this
document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss
arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or
liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document.
Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing
of the information, or (2) warrant any results from use of the information. The included information is subject to change without
notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities
mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers
in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with
any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a
company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA