News coverage about Albany International Corporation (NYSE:AIN) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Albany International Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.8583283303011 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Albany International Corporation (AIN) traded up 0.10% on Friday, reaching $50.35. 122,765 shares of the company traded hands. The firm has a 50 day moving average price of $53.00 and a 200 day moving average price of $48.75. Albany International Corporation has a 52-week low of $37.00 and a 52-week high of $55.15. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 39.65 and a beta of 1.72.

Albany International Corporation (NYSE:AIN) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.36. The firm had revenue of $215.57 million for the quarter. Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. Equities research analysts predict that Albany International Corporation will post $1.90 EPS for the current year.

Separately, BidaskClub upgraded shares of Albany International Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st.

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In other news, insider Daniel A. Halftermeyer sold 17,300 shares of Albany International Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $53.29, for a total transaction of $921,917.00. Following the completion of the sale, the insider now directly owns 66,377 shares in the company, valued at approximately $3,537,230.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.63% of the stock is owned by insiders.

About Albany International Corporation

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

Insider Buying and Selling by Quarter for Albany International Corporation (NYSE:AIN)

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