GLT Stock Summary and Trading Ideas (Glatfelter | NYSE:GLT)

Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company's reportable segments are; Composite Fibers, Spunlace. and Airlaid Materials. The Airlaid Materials segment which is also its key revenue generating segment, is a supplier of cellulose-based airlaid nonwoven materials used to manufacture consumer products for end-user markets. The Airlaid Materials segment produces materials used in feminine hygiene, specialty wipes, tabletop, home care, and other consumables. Geographically, the company derives majority of its revenue from Americas and rest from Europe, Middle East, Africa and Asia Pacific markets.

Glatfelter trades on the NYSE stock market under the symbol GLT.

As of April 15, 2024, GLT stock price declined to $1.66 with 523,681 million shares trading.

GLT has a beta of 1.88, meaning it tends to be more sensitive to market movements. GLT has a correlation of 0.05 to the broad based SPY ETF.

GLT has a market cap of $74.84 million. This is considered a Micro Cap stock.

In the last 3 years, GLT stock traded as high as $18.74 and as low as $1.25.

The top ETF exchange traded funds that GLT belongs to (by Net Assets): VTI, IWM, VXF, IWN, VTWO.

GLT has underperformed the market in the last year with a price return of -54.0% while the SPY ETF gained +23.9%. However, in the short term, GLT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +23.0% vs +6.2% return in SPY. But in the last 2 weeks, GLT shares have been beat by the market, returning -14.0% compared to an SPY return of -3.4%.

GLT support price is $1.59 and resistance is $1.77 (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 GLT stock will trade within this expected range on the day.