Atkore International Group Inc (NASDAQ:ATKR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.21 and last traded at $15.43, with a volume of 116,566 shares changing hands. The stock had previously closed at $16.20.

ATKR has been the subject of several recent research reports. Credit Suisse Group AG initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They issued a “neutral” rating and a $20.00 price objective for the company. Deutsche Bank AG initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They issued a “buy” rating and a $20.00 price objective for the company. Citigroup Inc. initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They issued a “buy” rating and a $20.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Atkore International Group in a research note on Thursday, July 7th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Royal Bank Of Canada initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They issued an “outperform” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.83.

The company’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. The company has a market cap of $988.09 million and a price-to-earnings ratio of 68.78.

In other Atkore International Group news, major shareholder Allied Holdings L.P. Cd&R sold 12,000,000 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $16.00, for a total value of $192,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Atkore International Group Inc, located in the US, manufactures and wholesales galvanized steel tubes and pipes, electrical conduit, armored wire and cable, metal framing systems and building components. It is also a holding company.

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