International Baler (OTCMKTS:IBAL) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of International Baler (OTCMKTS:IBAL) from a hold rating to a buy rating in a report released on Thursday morning, ValuEngine reports.

International Baler stock remained flat at $$1.45 during midday trading on Thursday. 200 shares of the company’s stock traded hands, compared to its average volume of 233. The company has a fifty day simple moving average of $1.52 and a 200-day simple moving average of $1.60. International Baler has a twelve month low of $0.85 and a twelve month high of $2.00. The company has a market capitalization of $7.52 million, a P/E ratio of 29.00 and a beta of 0.54.

About International Baler

International Baler Corporation manufactures and sells baling equipment to compress various materials into bales for handling, shipping, disposal, storage, and recycling. The company offers general purpose horizontal and vertical balers for compaction of paper, corrugated boxes, and miscellaneous solid waste materials; and specialty balers, including scrap metal, drum crusher, textile, and double chamber balers that are used for textile materials, used clothing, aluminum cans, 55-gallon drums, and synthetic rubber.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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