|Bid||0.00 x 3000|
|Ask||0.00 x 1000|
|Day's Range||7.85 - 8.25|
|52 Week Range||2.65 - 9.10|
|Beta (5Y Monthly)||2.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 10, 2021 - May 14, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 14, 2020|
|1y Target Est||7.55|
Coty Inc. said Wednesday that it has signed a letter of intent to partner with LanzaTech, a producer of sustainable ingredients, to produce eco-friendly fragrances. LanzaTech will provide sustainable ethanol, produced from industrial emissions. Coty aims to use the ingredient in the majority of its fragrances by 2023. Ethanol is key to fragrance production. Coty fragrance brands include Marc Jacobs, Chloe, Davidoff and Joop. Coty stock has rallied more than 13% for the year to date, but is down 10.3% for the past year. The S&P 500 index has gained nearly 29% for the las 12 months.
Coty to Partner With LanzaTech to Pioneer New Sustainable Fragrance Production
Coty (COTY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.