Metso Corp. (OTCMKTS:MXCYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “
Separately, Barclays PLC upgraded Metso Corp. from an “underweight” rating to an “equal weight” rating in a report on Friday, July 22nd.
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Metso Corp. (OTCMKTS:MXCYY) traded down 1.29% during trading on Tuesday, reaching $6.86. The company’s stock had a trading volume of 5,370 shares. The stock has a market cap of $4.12 billion, a P/E ratio of 22.27 and a beta of 2.12. The firm’s 50-day moving average is $7.08 and its 200-day moving average is $6.24. Metso Corp. has a 52-week low of $4.76 and a 52-week high of $7.38.
About Metso Corp.
Metso Oyj is a global supplier of sustainable technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.
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