Albany International Corp. Sets New 52-Week High at $38.28 (AIN)
Albany International Corp. (NYSE:AIN)’s share price hit a new 52-week high during mid-day trading on Monday , AR Network reports. The stock traded as high as $38.28 and last traded at $38.06, with a volume of 41,747 shares changing hands. The stock had previously closed at $37.99.
The stock has a 50-day moving average of $36.37 and a 200-day moving average of $35.85. The company has a market cap of $1.209 billion and a P/E ratio of 73.06.
Albany International Corp. (NYSE:AIN) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.08. On average, analysts predict that Albany International Corp. will post $1.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 8th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, June 4th. This is a boost from Albany International Corp.’s previous quarterly dividend of $0.15.
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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