Concrete Pumping Holdings Inc (Nasdaq:BBCP)
June 11th, 2019
Amidst falling markets Concrete Pumping Holdings Inc finished Tuesday’s trading session down 7.95%, a ($0.35) decrease to close on $4.05. As well as the drop in value, Concrete Pumping Holdings Inc hit a new 52 week low of $3.64, breaking the previous low of $3.78 from earlier this month. Concrete Pumping Holdings Inc swung 24.45% between low and high. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.80.
BBCP was outperformed by the rest of the Industrials sector which went down only -0.90%.
The market sectors were mixed Tuesday with a majority of the sectors trending up. Consumer Staples saw the biggest increase of the day (0.41%), while the Industrials sector saw the biggest drop (-0.90%). Information Technology has seen the biggest year-to-date gain of 23.75%.
Industrials and Utilities both saw turn-arounds from their five day positive performances with Industrials dropping -0.90%.
- Consumer Staples, up 0.41%.
- Consumer Discretionary, up 0.33%.
- Communication Services, up 0.29%.
- Real Estate, up 0.18%.
- Energy, up 0.12%.
- Information Technology, up 0.02%.
- Financials, stayed even 0.00%.
- Materials, down -0.07%.
- Healthcare, down -0.25%.
- Utilities, down -0.69%.
- Industrials, down -0.90%.
Concrete Pumping Holdings Inc Info
Concrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and the concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand. Concrete Pumping Holdings, Inc. was founded in 1983 and is headquartered in Denver, Colorado.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Concrete Pumping Holdings Inc’s score is 0.80) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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