Boart Longyear Rating Reiterated by Credit Suisse (BLY)
Boart Longyear (ASX:BLY)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse in a report released on Thursday, ARN reports.
Boart Longyear (ASX:BLY) traded up 2.41% during mid-day trading on Thursday, hitting A$0.425. The stock had a trading volume of 1,864,604 shares. Boart Longyear has a one year low of A$0.465 and a one year high of A$2.670. The stock has a 50-day moving average of A$0.52 and a 200-day moving average of A$0.83. The company’s market cap is A$193.1 million.
BLY has been the subject of a number of other recent research reports. Analysts at CIMB downgraded shares of Boart Longyear from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 12th.
Boart Longyear Limited is an integrated provider of drilling services, capital equipment and consumable products for customers in mining and minerals exploration, environmental and infrastructure, and energy industries.
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