Kaydon Co. (KDN) Posts Large Volume Increase, Hits $37.78
Resource from: Kaydon Corporation Likes:3152
Mar 18,2011
(March 17, 2011)
Shares of Kaydon Co. (KDN) saw unusually high trading volume on Thursday. Approximately 170,132 shares changed hands during mid-day trading, an increase of 2.75% from the previous session. The stock last traded at $37.78.
On a related note, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Kaydon Co. from $40.00 to $42.00 in a research note to investors on Monday, February 28th. They now have a “hold” rating on the stock. Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Kaydon Co. in a research note to investors on Monday, January 3rd.
Kaydon Corporation (Kaydon) is a designer and manufacturer of custom engineered, performance-critical products for diverse customer base. The Companyâ#8364;™s principal products include bearings and components, filters and filter housings, custom rings, shaft seals, linear deceleration products, specialty balls, fuel cleansing systems, gas-phase air filtration systems and replacement media, industrial presses and metal alloy products. These products are used by customers in a variety of alternative energy, robotics, medical, material handling, machine tool positioning, aerospace, defense, security, electronic and other industrial applications. The Company operates in four business segments: Friction Control Products, Velocity Control Products, Sealing Products and Other businesses.
Kaydon Co. last announced its quarterly results on Friday, February 25th. The company reported $0.34 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.36 EPS by $0.02. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Kaydon Co. will post $0.49 EPS next quarter.
Shares of Kaydon Co. (KDN) traded up 2.11% during mid-day trading on Thursday, hitting $37.75. Kaydon Co. has a 52 week low of $31.25 and a 52 week high of $45.69. The stock’s 50-day moving average is $39.31 and its 200-day moving average is $37.16. The company has a market cap of $1.238 billion and a price-to-earnings ratio of 22.14.
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(Kaydon Corporation)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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