28-Mar-2024
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Concrete Pumping Holdings Reports First Quarter Fiscal Year 2024 Results
Globe Newswire (Thu, 7-Mar 4:05 PM ET)
Globe Newswire (Thu, 22-Feb 4:15 PM ET)
Globe Newswire (Thu, 11-Jan 4:05 PM ET)
Concrete Pumping Holdings Inc is a provider of concrete pumping services and concrete waste management services in the fragmented United States and United Kingdom markets. Its large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions. The company's operating segment includes U.S. Concrete Pumping; U.K. Operations; U.S. Concrete Waste Management Services and Corporate. It generates maximum revenue from the U.S. Concrete Pumping segment. Geographically, it generates majority of the revenue from its business in United States.
Concrete Pumping Holdings trades on the NASDAQ stock market under the symbol BBCP.
As of March 28, 2024, BBCP stock price climbed to $7.90 with 68,412 million shares trading.
BBCP has a beta of 1.15, meaning it tends to be more sensitive to market movements. BBCP has a correlation of 0.16 to the broad based SPY ETF.
BBCP has a market cap of $425.59 million. This is considered a Small Cap stock.
Last quarter Concrete Pumping Holdings reported $98 million in Revenue and -$.08 earnings per share. This fell short of revenue expectation by $-369,000 and missed earnings estimates by -$.13.
In the last 3 years, BBCP stock traded as high as $9.70 and as low as $4.64.
The top ETF exchange traded funds that BBCP belongs to (by Net Assets): VTI, IWM, VXF, BSVO, IWO.
BBCP has underperformed the market in the last year with a price return of +13.2% while the SPY ETF gained +33.6%. BBCP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.7% and +0.5%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
BBCP support price is $7.66 and resistance is $8.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BBCP stock will trade within this expected range on the day.