Albany International Corp. (AIN) Hits New 52-Week High at $44.01
Shares of Albany International Corp. (NYSE:AIN) reached a new 52-week high during trading on Tuesday . The company traded as high as $44.01 and last traded at $43.83, with a volume of 25,916 shares traded. The stock had previously closed at $43.08.
The company has a market capitalization of $1.40 billion and a price-to-earnings ratio of 19.62. The company has a 50 day moving average price of $42.21 and a 200-day moving average price of $39.46.
Albany International Corp. (NYSE:AIN) last posted its earnings results on Monday, August 1st. The company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. During the same period last year, the business earned $0.39 earnings per share. The company earned $203.20 million during the quarter, compared to analysts’ expectations of $196.47 million. Equities analysts forecast that Albany International Corp. will post $1.77 EPS for the current fiscal year.
Albany International Corp. is a textiles and materials processing company. The Company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). Its MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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