Kennametal (KMT) Shares are Down -1.97%

Kennametal (KMT) has risen sharply, recording gains of 13.92% in the past 4 weeks. However, the stock has corrected -1.97% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.16% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.45% and the fifty day Moving Average is 13.9%. Kennametal Inc. is up 17.01% in the last three month period. Year-to-Date the stock performance stands at 51.6%.

Kennametal (KMT) stock is expected to deviate a maximum of $6.46 from the average target price of $25.2 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $31 and the most muted being $16.


Kennametal (NYSE:KMT): On Fridays trading session , Opening price of the stock was $28.66 with an intraday high of $28.765. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.115. However, the stock managed to close at $28.32, a loss of 0.46% for the day. On the previous day, the stock had closed at $28.45. The total traded volume of the day was 691,960 shares.

Kennametal Inc. (Kennametal) is a supplier of tooling, engineered components and advanced materials consumed in production processes. The Company manages and reports its business in two segments: Industrial and Infrastructure. The Company provides wear-resistant products, application engineering and services backed by material science, serving customers across diverse sectors of industrial production, transportation, earthworks, energy, infrastructure and aerospace. The Company markets its products under the brands, Kennametal and WIDIA. The Companys product offering includes a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. It offers these products through a range of channels to meet customer-specified needs.

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