Westlake Corp. Hits Day Low of $65.77 Amid Price Pressure

Westlake Corp., a small-cap player in the specialty chemicals industry, experienced a significant decline today, with its stock price dropping by 7.05%. The stock reached an intraday low of USD 65.77, reflecting ongoing challenges faced by the company. Over the past week, Westlake Corp. has seen a 13.33% decrease, while its performance over the last month shows a decline of 11.38%.
In the longer term, the company has struggled, with a staggering 48.75% drop in stock value over the past year, contrasting sharply with the S&P 500's gain of 18.13% during the same period. Financial metrics indicate a concerning trend, as operating profit has decreased at an annual rate of 9.65% over the last five years. Recent quarterly results have also been unfavorable, with a pre-tax profit of USD -10 million and a net profit of USD -26 million, marking significant declines of 105.23% and 123.36%, respectively.

Westlake Corp.'s market capitalization stands at approximately USD 11.94 billion, with a P/E ratio of 21.00. The company’s dividend yield is notably high at 225.15%, but its return on equity remains low at 1.41%. Overall, the stock's performance metrics suggest a challenging environment for Westlake Corp. in the specialty chemicals sector.