Zacks Investment Research downgraded Middleby Corp (NASDAQ:MIDD) to Hold in a report released today.
- Updated: October 12, 2016
Yesterday Middleby Corp (NASDAQ:MIDD) traded 0.85% higher at $117.97. The company’s 50-day moving average is $124.81 and its 200-day moving average is $118.47. The last stock price is down -0.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 145,088 shares of MIDD traded hands, down from an average trading volume of 311,403
Zacks Investment Research has downgraded Middleby Corp (NASDAQ:MIDD) to Hold in a report released on Wednesday October 12, 2016.
Recent Performance Chart
Middleby Corp has 52 week low of $79.11 and a 52 week high of $140.98 with a PE ratio of 29.70 and has a market capitalization of $0.
Brief Synopsis On Middleby Corp (NASDAQ:MIDD)
The Middleby Corporation (Middleby) is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The Company's Commercial Foodservice Equipment Group segment has a portfolio of cooking and warming equipment, which serves cooking or warming application within a commercial kitchen or foodservice operation. The Company's Food Processing Equipment Group segment offers a range of processing solutions for customers producing pre-cooked meat products, such as hot dogs, dinner sausages, poultry and lunchmeats and baked goods, such as muffins, cookies and bread. The Company's Residential Kitchen Equipment Group segment manufactures, sells and distributes kitchen equipment for the residential market. The Company's subsidiary is Middleby Marshall Inc.
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