Zacks Investment Research Downgrades Fenner (FNERF) to Sell
Fenner (OTCMKTS:FNERF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Fenner plc is a polymer technology company, which manufactures and distributes conveyor belting and reinforced precision polymer products. It operates through the Engineered Conveyor Solutions and Advanced Engineered Products segments. Engineered Conveyor Solutions segment manufactures rubber ply, solid woven and steel cord conveyor belting for mining, power generation and industrial applications. Advanced Engineered Products segment manufactures precision polymer products including precision drives for computer peripherals, copiers and ATMs; problem solving power transmission and motion transfer components; silicone and complex hoses; seals and sealing solutions for the fluid power and oil and gas industries; technical textiles for medical and industrial applications and silicone based products and fluropolymer components for fluid and gas handling. Fenner plc is headquartered in Hessle, the United Kingdom. “
Shares of Fenner (OTCMKTS FNERF) remained flat at $$5.10 during trading hours on Tuesday. Fenner has a 12-month low of $3.00 and a 12-month high of $5.10.
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