Actuant (NYSE:ATU) has been downgraded from Outperform to Market Perform in a statement by Wells Fargo earlier today.
- Updated: October 7, 2016
Wells Fargo has downgraded Actuant (NYSE:ATU) from Outperform to Market Perform in a statement released on 10/07/2016.
Having a price of $23.98, Actuant (NYSE:ATU) traded -2.29% lower on the day. With the last stock price down -4.44% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ATU has recorded a 50-day average of $23.23 and a two hundred day average of $24.52. Trade Volume was down over the average, with 33,997 shares of ATU changing hands under the typical 526,691
Recent Performance Chart
Actuant has with a one year low of $20.49 and a one year high of $27.71 and has a market capitalization of $0.
A total of 7 brokerages have released a report on Actuant. One brokerage rating the company a strong buy, one brokerage rating the company a buy, nine brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $23.57.
General Company Details For Actuant (NYSE:ATU)
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company's Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Company's Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil and gas, power generation and other energy markets. The Company's Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.
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