Zacks Investment Research lowered shares of Metso Oyj (NASDAQ:MXCYY) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “

Metso Oyj (NASDAQ MXCYY) remained flat at $8.71 during midday trading on Tuesday. Metso Oyj has a 12-month low of $6.41 and a 12-month high of $9.15. The stock’s 50 day moving average price is $8.24 and its 200-day moving average price is $8.28. The firm has a market capitalization of $5.23 billion and a PE ratio of 34.06.

Metso Oyj (NASDAQ:MXCYY) last posted its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). Metso Oyj had a net margin of 5.33% and a return on equity of 10.95%. The firm had revenue of $742.36 million during the quarter. Equities research analysts forecast that Metso Oyj will post $0.30 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/09/15/metso-oyj-mxcyy-cut-to-sell-at-zacks-investment-research.html.

About Metso Oyj

Metso Oyj is a global supplier of technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.

Get a free copy of the Zacks research report on Metso Oyj (MXCYY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Metso Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metso Oyj and related companies with MarketBeat.com's FREE daily email newsletter.