Shares of Ingevity Corporation (NYSE:NGVT) traded today at $83.18, eclipsing its 52-week high. Approximately 83,000 shares have changed hands today, as compared to an average 30-day volume of 258,000 shares.
Based on a current price of $82.74, Ingevity Corporation is currently 9.7% above its average consensus analyst price target of $74.73.
Over the past year, Ingevity Corporation has traded in a range of $41.52 to $83.18 and is now at $82.74, 99% above that low.
Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals which find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focusses on automotive carbon products used in automobiles. The Company sells its products worldwide, with special emphasis on North America.
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