Tuesday, May 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Ohio Art's stock price falls after report of profit

BRYAN - Ohio Art Co.'s first profit in five years apparently scared Wall Street. The firm's stock dropped $3.10 a share yesterday, the first trading after its Tuesday evening earnings announcement.

The stock, which trades on the American Stock Exchange, closed at $25.90 a share, considerably higher than its 52-week low of $3.60 but well off its $32-a-share price Friday.

The Williams County company, known for its Etch A Sketch and Betty Spaghetty doll toys, reported a $3.1 million profit on sales of $45.5 million in its latest fiscal year. The profit followed four years of losses totaling $10 million and was the company's biggest net gain in 10 years, credited to its cost cutting begun in 2000.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…