Metso Oyj (MXCYY) Cut to “Sell” at Zacks Investment Research

Metso Oyj (NASDAQ:MXCYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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. “

Shares of Metso Oyj (NASDAQ:MXCYY) opened at 8.88 on Tuesday. Metso Oyj has a 12 month low of $6.41 and a 12 month high of $9.15. The firm has a market capitalization of $5.33 billion and a P/E ratio of 34.72. The company has a 50 day moving average of $8.17 and a 200-day moving average of $8.26.

Metso Oyj (NASDAQ:MXCYY) last posted its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $742.36 million during the quarter. Metso Oyj had a return on equity of 10.95% and a net margin of 5.33%. Analysts predict that Metso Oyj will post $0.30 EPS for the current year.

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About Metso Oyj

Metso Oyj is a global supplier of 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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