Applied Industrial Technologies Inc (AIT) concluded trading on Thursday at a closing price of $221.75, with 0.49 million shares of worth about $108.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.39% during that period and on April 17, 2025 the price saw a gain of about 2.90%. Currently the company’s common shares owned by public are about 38.38M shares, out of which, 37.96M shares are available for trading.
Stock saw a price change of 0.48% in past 5 days and over the past one month there was a price change of -3.70%. Year-to-date (YTD), AIT shares are showing a performance of -7.40% which increased to 18.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $177.68 but also hit the highest price of $282.98 during that period. The average intraday trading volume for Applied Industrial Technologies Inc shares is 348.63K. The stock is currently trading -1.19% below its 20-day simple moving average (SMA20), while that difference is down -6.09% for SMA50 and it goes to -4.57% lower than SMA200.
Applied Industrial Technologies Inc (NYSE: AIT) currently have 38.38M outstanding shares and institutions hold larger chunk of about 95.44% of that.
The stock has a current market capitalization of $8.51B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 22.45, while it has posted earnings per share of $9.88 in the same period. Its PEG reads 3.28 and has Quick Ratio of 2.55 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AIT, volatility over the week remained 4.11% while standing at 4.80% over the month.
Stock’s fiscal year EPS is expected to rise by 1.79% while it is estimated to increase by 8.98% in next year. EPS is likely to shrink at an annualized rate of 6.85% for next 5-years, compared to annual growth of 21.73% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 26, 2024 offering a Buy rating for the stock and assigned a target price range of between $285 and $315 to it. Coverage by Mizuho stated Applied Industrial Technologies Inc (AIT) stock as an Outperform in their note to investors on October 22, 2024, suggesting a price target of $285 for the stock. On October 07, 2024, BofA Securities Initiated their recommendations, while on September 04, 2024, Raymond James Initiated their ratings for the stock with a price target of $225. Stock get a Neutral rating from Northcoast on July 01, 2024.
