Shares of PQ Group Holdings Inc. (PQG) are down nearly 12% on Tuesday morning. The previous day, the company issued a revenue guidance for the first quarter and also announced a secondary offering of 12.5 million shares.
PQG is currently trading at $14.70, down $2.00 or 11.98%, on the NYSE.
For the first quarter, PQ Group now sees sales of $123 million to $127 million. Zeolyst Joint Venture sales are expected to be $28 million to $30 million.
Source: Read Full Article