Albany International Corp. (NYSE: AIN) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
Recent minimal negative changes in fundamentals have impacted Albany International Corp. (NYSE: AIN): the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AIN is expected to continue to be an important Value Builder.
Albany International has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Albany International has a neutral Power Rating of 47 and a slightly negative Appreciation Score of 34, leading to the Negative Value Trend Rating.
Recent Price Action
Albany International Corp. (NYSE: AIN) stock declined slightly by -0.4% on 4/8/24. The stock closed at $88.72. Moreover, this decline was accompanied by above average trading volume at 130% of normal. The stock has performed in line with the market over the last nine months and has declined -5.1% during the last week.
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