FMC stock hits 52-week low at 13.31 USD

FMC Corp's stock has reached a new 52-week low, trading at 13.31 USD. This marks a significant decline for the company, which has seen its stock price drop by 78.04% over the past year. InvestingPro data shows the stock has fallen 71.25% year-to-date, with a price-to-book ratio of just 0.44. Despite these challenges, FMC maintains a substantial 17.37% dividend yield and has paid dividends for 20 consecutive years.The sharp decrease reflects ongoing challenges and market conditions that have affected the company's performance. The agricultural chemicals firm is currently operating with negative free cash flow of -$385.4 million and carries a debt-to-equity ratio of 1.2. According to InvestingPro analysis, FMC appears undervalued compared to its Fair Value estimate, potentially offering opportunity for contrarian investors. Discover 12 more key insights and a comprehensive Pro Research Report on FMC by subscribing to InvestingPro.

In other recent news, FMC Corporation's third-quarter financial results revealed a mixed performance that has caught the attention of investors. The company reported an adjusted earnings per share (EPS) of $0.89, which surpassed the forecasted $0.86. However, FMC's revenue fell significantly short of expectations, coming in at $542 million against the anticipated $1.07 billion. This substantial revenue miss has raised concerns among investors and analysts alike. Additionally, KeyBanc Capital Markets downgraded FMC's stock rating from Overweight to Sector Weight due to concerns over cash flow. The downgrade follows FMC's report of a $400 million reduction in free cash flow, bringing it below breakeven levels. These developments have led to increased scrutiny of FMC's financial health and future prospects.

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