Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Oil-Dri Corporation of America before investing.

In this article, we go over a few key elements for understanding Oil-Dri Corporation of America’s stock price such as:

• Oil-Dri Corporation of America’s current stock price and volume
• Why Oil-Dri Corporation of America’s stock price changed recently
• Upgrades and downgrades for ODC from analysts
• ODC’s stock price momentum as measured by its relative strength

About Oil-Dri Corporation of America (ODC)

Before we jump into Oil-Dri Corporation of America’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Oil-Dri Corporation of America develops, mines, manufactures, and markets sorbent products. The Company’s principal products include agricultural and horticultural chemical carriers, animal health and nutrition products, cat litter, fluid purification and filtration bleaching clays, industrial and automotive floor absorbents and sports field products. The Company operates through two segments: Business to Business Products Group and Retail and Wholesale Products Group. The Retail and Wholesale Products Group customers include mass merchandisers, wholesale clubs, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, e-commerce retailers, distributors of industrial cleanup and automotive products, environmental service companies, and others. The Business to Business Products Group customers include processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, and others.

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Oil-Dri Corporation of America’s Stock Price as of Market Close

As of February 26, 2024, 4:00 PM, CST, Oil-Dri Corporation of America’s stock price was $69.87.

Oil-Dri Corporation of America is up 4.71% from its previous closing price of $66.73.

During the last market session, Oil-Dri Corporation of America’s stock traded between $65.03 and $67.29. Currently, there are 6.79 million shares of Oil-Dri Corporation of America stock available for purchase.

Oil-Dri Corporation of America’s price-earnings (P/E) ratio is currently at 17.7, which is low compared to the Chemicals - Commodity industry median of 17.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Oil-Dri Corporation of America Stock Price History

Oil-Dri Corporation of America’s (ODC) price is currently up 7.56% so far this month.

During the month of February, Oil-Dri Corporation of America’s stock price has reached a high of $70.80 and a low of $62.56.

Over the last year, Oil-Dri Corporation of America has hit prices as high as $73.50 and as low as $34.63. Year to date, Oil-Dri Corporation of America’s stock is up 108.32%.

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What Caused Oil-Dri Corporation of America Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 23, 2024, there were analysts who downgraded Oil-Dri Corporation of America’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Oil-Dri Corporation of America’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Oil-Dri Corporation of America’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Oil-Dri Corporation of America’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Oil-Dri Corporation of America (ODC) by visiting AAII Stock Evaluator.

Relative Price Strength of Oil-Dri Corporation of America

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 23, 2024, Oil-Dri Corporation of America has a weighted four-quarter relative price strength of 10.79%, which translates to a Momentum Score of 89 and is considered to be Very Strong.

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Oil-Dri Corporation of America Stock Price: Bottom Line

As of February 26, 2024, Oil-Dri Corporation of America’s stock price is $69.87, which is up 4.71% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Oil-Dri Corporation of America stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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