Kennametal (KMT) has been under a strong bear grip, hence the stock is down -3.94% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.6% in the past 1 week. The stock has risen by 2.14% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.88% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.07% and the 50-Day Moving Average is 3.45%.The 200 Day SMA reached 20.43% Kennametal Inc. is up 11.65% in the last 3-month period. Year-to-Date the stock performance stands at 45.55%.
Kennametal (KMT) : The highest level Kennametal (KMT) is projected to reach is $31 for the short term and the lowest estimate is at $16. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $25.2 and the possibility the share price can swing is $6.46.
Company shares have received an average consensus rating of Hold for the current week Kennametal (NYSE:KMT): stock was range-bound between the intraday low of $27 and the intraday high of $27.48 after having opened at $27.31 on Fridays session. The stock finally closed in the red at $27.31, a loss of -1.45%. The stock remained in the red for the whole trading day. The total traded volume was 945,204 shares. The stock failed to cross $27.48 in Fridays trading. The stocks closing price on Thursday was $27.19.
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.