AMTEK (AME) : Analyst Rating Update

AMTEK (AME) : 8 brokerage houses believe that AMTEK (AME) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AMTEK (AME). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 1.79.

AMTEK (AME) : Currently there are 12 street experts covering AMTEK (AME) stock. The most bullish and bearish price target for the stock is $60 and $47 respectively for the short term. The average price target of all the analysts comes to $54.58. The estimated standard deviation from the target is $3.48.

AMTEK (NYSE:AME): The stock opened at $45.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.10 for the day. The stock traded down to $44.49 during the day, due to lack of any buying support eventually closed down at $44.94 with a loss of -0.51% for the day. The stock had closed at $45.17 on the previous day. The total traded volume was 2,228,823 shares.

Also, Equity analysts at the Brokerage firm Atlantic Equities downgrades its rating on AMTEK (NYSE:AME). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on April 29, 2016. The company shares have dropped -16.01% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $57.67 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $47.06 and the 200 Day Moving Average price is recorded at $48.20.

AMETEK, Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Companys EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets. It offers process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor and factory automation industries. The Companys EMG segment offers electrical connectors and electronics packaging used in aerospace and defense, medical and industrial applications, as well as its advanced technical motor and motion control products, which are used in a range of medical devices, office and business equipment, factory automation, robotics and other applications.

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