Tennant Co. Hits New 52-Week High at $62.64 (TNC)
Shares of Tennant (NYSE:TNC) hit a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $62.64 and last traded at $62.50, with a volume of 57,619 shares trading hands. The stock had previously closed at $62.45.
Separately, analysts at Dougherty & Co upgraded shares of Tennant (NYSE:TNC) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 16th. They now have a $64.00 price target on the stock.
Tennant has a 1-year low of $34.79 and a 1-year high of $62.58. The stock has a 50-day moving average of $55.43 and a 200-day moving average of $51.00. The company has a market cap of $1.150 billion and a price-to-earnings ratio of 28.11.
Tennant (NYSE:TNC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.04. The company had revenue of $200.20 million for the quarter, compared to the consensus estimate of $197.07 million. During the same quarter last year, the company posted $0.71 earnings per share. Tennant’s revenue was up .4% compared to the same quarter last year.
Tennant Company (NYSE:TNC), designs, manufactures and markets solutions that help create a cleaner, safer, healthier world.
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