Albany International Corp. Sets New 1-Year High at $37.69 (AIN)
Albany International Corp. (NYSE:AIN) set a new 52-week high on Wednesday, AnalystRatings.NET reports. The company traded as high as $37.69 and last traded at $37.58, with a volume of 119,093 shares. The stock had previously closed at $36.81.
AIN has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Albany International Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $36.40 price target on the stock.
Albany International Corp. has a 1-year low of $24.18 and a 1-year high of $37.43. The stock has a 50-day moving average of $35.83 and a 200-day moving average of $35.2. The company has a market cap of $1.192 billion and a price-to-earnings ratio of 70.11.
Albany International Corp. is an advanced textile and material processing company. The Company’s business is a producer of custom-designed fabrics and belts essential to paper and paperboard production.
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