Apple Inc.(NASDAQ:AAPL) – The stock embarked on an additional leg of the robust bull rally that took it to a new high of $458.24 these days on increasing volumes. Shares of Applied Industrial Technologies ( NYSE:AIT ) traded down two.26% throughout midday trading on Monday, hitting $41.87. The firm had a trading volume of 107,702 shares. Applied Industrial Technologies has a 1-year low of $37.00 and a 1-year high of $50.00. The stock has a 50 day moving average price of $40.35 and a 200 day moving typical price of $40.76. The firm has a marketplace capitalization of $1.65 billion and a P/E ratio of 15.44.
On average, equities analysts anticipate that Applied Industrial Technologies will post $2.64 EPS for the existing fiscal year. KeyBanc initiated coverage on Applied Industrial Technologies in a analysis report on Tuesday, July 21st. Longbow Study raised Applied Industrial Technologies from an underperform” rating to a neutral” rating in a report on Wednesday, August 12th.
Zacks raised Applied Industrial Technologies from a sell” rating to a hold” rating in a report on Tuesday, October 13th. Downgraded Applied Industrial Technologies from a buy” rating to a hold” rating in a study report on Monday, October 26th. The Company’s industry goods, like linear motion parts, energy transmission parts, fluid power components and systems, industrial rubber merchandise, bearings, tools, security goods, and other industrial and maintenance supplies.
The organization offers systems integration for industrial and fluid energy applications, style, and engineering, along with customized mechanical, fabricated rubber, and fluid power shop solutions. Service center-based distribution supplies clients using a wide choice of industrial goods by way of a network. Zacks reduce Applied Industrial Technologies from a hold” rating to a sell” rating in a report on Tuesday, June 30th.
Ultimately, Longbow Analysis upgraded Applied Industrial Technologies from an underperform” rating to a neutral” rating in a analysis report on Wednesday, August 12th. Shares of Applied Industrial Technologies ( NYSE:AIT ) traded up two.37% in the course of midday trading on Tuesday, reaching $39.24. 748,383 shares of the company’s stock had been exchanged.