Actuant Corporation (ATU) Shares are Up 4.17%

Actuant Corporation (ATU) has been under a strong bear grip, hence the stock is down -3.57% 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 4% in the past 1 week. The stock has risen by 4.17% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.09% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.6% and the 50-Day Moving Average is 0.74%.The 200 Day SMA reached 3.12%

Actuant

Actuant Corporation (NYSE:ATU): After opening at $22.43, the stock dipped to an intraday low of $22.34 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.509 and the buying power remained strong till the end. The stock closed at $23.24 for the day, a gain of 4.08% for the day session. The total traded volume was 995,679. The stocks close on the previous trading day was $23.24.

Actuant Corporation (ATU) : 6 investment research analysts covering Actuant Corporation (ATU) have an average price target of $22.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $27 and the lowest target is $19 for the short term. Analysts expect the variance to be within $2.71 of the average price.

Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as, a variety of other products to the industrial and agricultural markets.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.