Shares of electrical safety company Atkore (NYSE:ATKR) jumped 2.6% in the afternoon session after it extended gains from the previous day as it was reported that activist investor Irenic Capital Management has acquired a stake and is urging the company to pursue a sale. The positive momentum follows Tuesday's news, where the stock also rose after reports revealed Irenic Capital had built a 2.5% stake in the electrical manufacturing company. According to sources familiar with the matter, Irenic has privately engaged with Atkore's board, advocating that a sale to a private equity firm would be the best outcome for shareholders. This development comes as Atkore is already exploring its strategic options. The company had previously disclosed it is "evaluating a broad range of alternatives" and has reportedly enlisted Citigroup to assist with its strategic review process.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Shares of electrical safety company Atkore (NYSE:ATKR) jumped 2.1% in the afternoon session after activist investor Irenic Capital Management built a 2.5% stake in the company and urged it to pursue a sale.
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names.
But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
ATKORE Inc. (ATKR) excels in profitability with high ROIC, strong cash flow conversion, and a healthy balance sheet, making it a top pick for quality-focused investors.
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south.
While some investors embrace risk, mistakes can be costly for those who aren’t prepared.
A number of stocks jumped in the afternoon session after an unexpected drop in the Producer Price Index (PPI) for August, signaled easing inflation and raised expectations for a potential Federal Reserve interest rate cut.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Atkore (NYSE:ATKR) and its peers.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. They are also bound to benefit from a friendlier regulatory environment with the Trump administration,
and this excitement has led to a six-month gain of 24% for the sector - higher than the S&P 500’s 15.5% return.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Electrical safety company Atkore (NYSE:ATKR) met Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 10.6% year on year to $735 million. Its non-GAAP profit of $1.63 per share was 3.2% above analysts’ consensus estimates.
A number of stocks jumped in the morning session after an in-line inflation report fueled hopes for interest rate cuts and the U.S. and China agreed to extend their tariff truce. The Consumer Price Index (CPI), a key measure of inflation, came in largely as expected, holding steady at 2.7% year-over-year. This reading boosted investor optimism that the Federal Reserve will have room to lower interest rates at its next meeting, which could reduce borrowing costs for companies and consumers.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Tuesday. Below you can find the top gainers and losers in today's session.
Shares of electrical safety company Atkore (NYSE:ATKR) fell 27.1% in the afternoon session after the company reported a significant drop in quarterly profit and announced the planned retirement of its CEO, Bill Waltz. Atkore disclosed that its net sales fell 10.6% compared to the same period last year, landing at $735 million. The company attributed this decline primarily to lower average selling prices for its products. Profitability took a substantial hit, as net income plummeted by over 65% to $43.0 million. This resulted in an earnings per share (EPS) of $1.25, which fell short of analyst forecasts. The news of the CEO's departure added to investor concerns, creating uncertainty about the company's future leadership.
Stay up-to-date with the latest market trends in the middle of the day on Tuesday. Explore the top gainers and losers during today's session in our detailed report.
Electrical safety company Atkore (NYSE:ATKR) met Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 10.6% year on year to $735 million. Its non-GAAP profit of $1.63 per share was 3.2% above analysts’ consensus estimates.
