Altra Industrial Motion Corp (NASDAQ:AIMC)’s share price traded down 6.2% during mid-day trading on Friday . The stock traded as low as $29.86 and last traded at $30.19. 1,174,263 shares traded hands during trading, an increase of 120% from the average session volume of 532,755 shares. The stock had previously closed at $32.18.
Several equities analysts have recently issued reports on the stock. TheStreet downgraded shares of Altra Industrial Motion from a “b-” rating to a “c+” rating in a research note on Wednesday, December 12th. BidaskClub downgraded shares of Altra Industrial Motion from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Zacks Investment Research raised shares of Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, ValuEngine raised shares of Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Altra Industrial Motion has an average rating of “Hold” and a consensus target price of $49.25.
The company has a market cap of $1.95 billion, a PE ratio of 10.56 and a beta of 1.87. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, March 15th. Altra Industrial Motion’s dividend payout ratio is presently 23.78%.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://dakotafinancialnews.com/2019/03/24/altra-industrial-motion-aimc-shares-down-6-2.html.
About Altra Industrial Motion (NASDAQ:AIMC)
Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.
Recommended Story: Why are gap-down stocks important?
Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.