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TheStreet downgraded Actuant Corporation (NYSE:ATU) to Sell in a statement released earlier today.

TheStreet has downgraded Actuant Corporation (NYSE:ATU) to Sell in a report released on 9/28/2016.

Yesterday Actuant Corporation (NYSE:ATU) traded 4.08% higher at $22.33. The company’s 50-day moving average is $23.27 and its 200-day moving average is $24.52. The last stock close price is down -5.23% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 995,679 shares of the stock were exchanged, up from an average trading volume of 506,025

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Actuant Corporation (NYSE:ATU)

Actuant Corporation has a 52 week low of $19.07 and a 52 week high of $27.71 The company’s market cap is currently $0.

In addition to TheStreet reporting its target price, a total of 7 firms have issued a report on the stock. The consensus target price is $23.57 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Actuant Corporation (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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