Northwest Pipe Company (NASDAQ:NWPX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Northwest Pipe Company (NASDAQ:NWPX) to Hold in a statement released on 10/05/2016.
On 8/7/2015, Jefferies & Co released a statement for Northwest Pipe Company (NASDAQ:NWPX) bumped down the target price from $23.00 to $21.00 that suggested an upside of 0.18%.
Boasting a price of $11.94, Northwest Pipe Company (NASDAQ:NWPX) traded 0.33% higher on the day. With the last stock price close up 14.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Northwest Pipe Company has recorded a 50-day average of $11.80 and a two hundred day average of $10.53. Volume of trade was down over the average, with 13,138 shares of NWPX changing hands under the typical 36,017
With a total market value of $0, Northwest Pipe Company has with a one year low of $7.46 and a one year high of $15.52 .
Brief Synopsis About Northwest Pipe Company (NASDAQ:NWPX)
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St. Louis, Missouri; Salt Lake City, Utah, and Monterrey, Mexico. The Tubular Products segment produces steel line pipe products for energy applications, and has a manufacturing facility located in Atchison, Kansas. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. It also manufactures smaller diameter electric resistance welded (ERW) steel pipe through its Tubular Products Group. The Company's solutions-based products are used in water transmission, plant piping, tunnels and river crossings applications.
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