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Mfri (NASDAQ:MFRI) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

The analysts wrote, “MFRI (MFRI) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

Mfri (NASDAQ:MFRI) traded down 0.67% during mid-day trading on Tuesday, hitting $11.90. The stock had a trading volume of 12,132 shares. Mfri has a one year low of $9.11 and a one year high of $17.44. The stock’s 50-day moving average is $10.70 and its 200-day moving average is $13.22. The company has a market cap of $85.6 million and a price-to-earnings ratio of 6.29.

MFRI, Inc (NASDAQ:MFRI) is engaged in the manufacture and sale of products in three distinct segments: piping systems, filtration products and industrial process cooling.

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