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Shares of Albany International Corp. (NYSE:AIN) hit a new 52-week high during mid-day trading on Tuesday , American Banking News.com reports. The stock traded as high as $38.53 and last traded at $38.53, with a volume of 37,294 shares changing hands. The stock had previously closed at $37.96.

The stock’s 50-day moving average is $37.16 and its 200-day moving average is $36.0. The company has a market cap of $1.225 billion and a P/E ratio of 73.00.

Albany International Corp. (NYSE:AIN) last issued its quarterly earnings data 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.

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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