Astec Industries, Inc. (NASDAQ:ASTE) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Having a price of $58.59, Astec Industries, Inc. (NASDAQ:ASTE) traded -0.96% lower on the day. With the last close up 8.90% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ASTE has recorded a 50-day average of $58.32 and a two hundred day average of $53.91. Trade Volume was down over the average, with 64,530 shares of ASTE changing hands under the typical 146,023
Zacks Investment Research has downgraded Astec Industries, Inc. (NASDAQ:ASTE) to Hold in a statement released on 10/04/2016.
Recent Performance Chart
Astec Industries, Inc. has PE ratio of 32.44 with a one year low of $30.76 and a one year high of $62.75 and has a market capitalization of $0.
A total of 8 analysts have released a report on Astec Industries, Inc.. Four analysts rating the company a strong buy, three analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $53.63.
General Company Details For Astec Industries, Inc. (NASDAQ:ASTE)
Astec Industries, Inc. designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. The Company's products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The Company also manufactures certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction and demolition industries, and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; whole-tree pulpwood chippers; horizontal grinders, and blower trucks. The Company also manufactures a line of multiple use plants for cement treated base, roller compacted concrete and ready-mix concrete. The Company's business segments are Infrastructure Group, Aggregate and Mining Group and Energy Group.
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