AIT Stock Recent News
AIT LATEST HEADLINES
Here is how Applied Industrial Technologies (AIT) and Hyster-Yale Materials (HY) have performed compared to their sector so far this year.
Business spending on equipment is rebounding, which is driving orders for durable goods. This is likely to benefit stocks like Applied Industrial Technologies, Inc. (AIT), Eaton Corporation plc (ETN), Lakeland Industries, Inc. (LAKE) and AZZ Inc. (AZZ).
Applied Industrial (AIT) is set to benefit from solid momentum in the Service Center Based Distribution segment. AIT's measures to reward its shareholders are encouraging.
Applied Industrial Technologies (AIT) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Applied Industrial Technologies is expected to experience a reacceleration in revenue growth due to improving short-cycle indicators and easing year-over-year comparisons. The company's strong balance sheet positions it well for potential mergers and acquisitions, complementing its organic growth. The stock is trading at a discount compared to its peers, suggesting potential for a P/E multiple re-rating.
Applied Industrial Technologies (AIT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Now appears to be a good time to buy these three industrial products stocks which all have an average broker recommendation of 1.0 on a scale of 1 to 5 (Strong Buy to Strong Sell).
If you are looking for stocks that are well positioned to maintain their recent uptrend, Applied Industrial Technologies (AIT) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
A steady rise in factory orders is likely to help stocks like Applied Industrial Technologies, Inc. (AIT), AZZ Inc. (AZZ), AptarGroup, Inc. (ATR), Eaton Corporation plc (ETN) and Chart Industries, Inc. (GTLS).
It's been three weeks since Reddit (NYSE: RDDT ) priced its shares at $34 for its initial public offering. Reddit stock gained 48.4% in its first-day return.