Applied Industrial Technologies (AIT) Shares are Down -4.31%

Applied Industrial Technologies (AIT) : During the past 4 weeks, traders have been relatively bearish on Applied Industrial Technologies (AIT), hence the stock is down -2.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.36% relative to the S&P 500. The 4-week change in the price of the stock is -1.23% and the stock has fallen -4.31% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 0.15%. Applied Industrial Technologies (NYSE:AIT): On Fridays trading session , Opening price of the stock was $46.26 with an intraday high of $46.43. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.031. However, the stock managed to close at $45.79, a loss of 4.98% for the day. On the previous day, the stock had closed at $48.19. The total traded volume of the day was 506,668 shares.


The company Insiders own 4.2% of Applied Industrial Technologies shares according to the proxy statements. Institutional Investors own 87.21% of Applied Industrial Technologies shares.

Applied Industrial Technologies Inc. is a distributor and supplier of industrial products. The Companys industry products, including bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and other industrial and maintenance supplies. The Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services. The Company operates in two segments: service center-based distribution and fluid power businesses. Service center-based distribution provides customers with a range of industrial products through a network of service centers. Fluid power businesses consist of regional companies that distribute fluid power components and operate shops to assemble fluid power systems and perform equipment repair.

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