Metso Corp. (OTCMKTS:MXCYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
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. “
Several other equities analysts have also recently weighed in on MXCYY. Barclays PLC raised shares of Metso Corp. from an “underweight” rating to an “equal weight” rating in a research report on Friday, July 22nd. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Metso Corp. in a research report on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. cut shares of Metso Corp. from a “neutral” rating to a “sell” rating in a research report on Thursday, October 6th.
Shares of Metso Corp. (OTCMKTS:MXCYY) opened at 7.22 on Wednesday. Metso Corp. has a 12 month low of $4.76 and a 12 month high of $7.43. The company’s 50-day moving average price is $7.10 and its 200-day moving average price is $6.44. The firm has a market cap of $4.33 billion, a P/E ratio of 23.71 and a beta of 2.03.
Metso Corp. Company Profile
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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