AZZ (NYSE:AZZ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
According to Zacks, “AZZ Inc. is a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal and electrical systems used to build and enhance the world’s infrastructure. AZZ Metal Coatings is a leading provider of metal finishing solutions for corrosion protection, including hot dip galvanizing to the North American steel fabrication industry. AZZ Energy is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide. “
AZZ (NYSE AZZ) traded up $0.75 during mid-day trading on Wednesday, reaching $42.95. 60,542 shares of the company’s stock were exchanged, compared to its average volume of 170,101. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.53. AZZ has a 52 week low of $40.90 and a 52 week high of $61.55. The stock has a market capitalization of $1,109.85, a price-to-earnings ratio of 21.80 and a beta of 1.32.
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AZZ Company Profile
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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