Use Minerals to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier
1 Month Beta ..........
1.6
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Minerals will likely underperform.
The median price of Minerals for the period between Thu, Apr 26, 2012 and Sat, May 26, 2012 is 64.8 with a coefficient of variation of 2.34. The daily time series for the period is distributed with a sample standard deviation of 1.52, arithmetic mean of 64.9, and mean deviation of 1.27. The Stock received some media coverage during the period.
Minerals Technologies Inc. [MTX] is traded on American Stock Exchange in USA. It is located in New York, NY and employs 2,077 people. The company currently falls under 'Mid-Cap' category with total capitalization of 1.13 B. Minerals Technologies Inc. runs under Basic Materials sector within Synthetics industry. This company has 17.75 M outstanding shares of which 456.73 K shares are now shorted by investors with about 5.5 days to cover shorted positions.
Minerals Liquidity
MINERAL TECH INC has about 435.31 M in cash with 139.32 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.53.
The company has 99.5 M in debt with debt to equity (D/E) ratio of 0.12 which may show that the company is not taking advantage of profits from borrowing. Minerals Technologies Inc. has Current Ratio of 4.17 demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due.