Albany International Enters Oversold Territory (AIN)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2024
0mins
Source: NASDAQ.COM
- Albany International Corp Shares: Shares of Albany International Corp (Symbol: AIN) entered oversold territory with an RSI reading of 28.8, indicating a potential buying opportunity.
- Comparison with S&P 500 ETF: AIN's RSI reading contrasts with the S&P 500 ETF (SPY) at 47.8, suggesting a different market sentiment.
- 52-Week Performance: AIN's shares ranged from $78.20 to $99.41 in the past year, closing at $81.42.
- Investment Opportunity: The low RSI may indicate that heavy selling is slowing down, prompting investors to consider entry points for buying.
- Additional Information: The article mentions other oversold stocks worth exploring beyond AIN.
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Analyst Views on AIN
Wall Street analysts forecast AIN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIN is 54.75 USD with a low forecast of 45.00 USD and a high forecast of 64.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 55.560
Low
45.00
Averages
54.75
High
64.00
Current: 55.560
Low
45.00
Averages
54.75
High
64.00
About AIN
Albany International Corp. is a developer and manufacturer of engineered components. It is engaged in advanced textiles and materials processing, specializing in designing and manufacturing high-performance engineered fabrics and composite components and assemblies that serve industries, such as paper, industrial manufacturing, and aerospace. Its Machine Clothing segment is a producer of custom-designed fabrics and high-speed process belts critical in the manufacture of all grades of paper products characterized primarily as paper machine clothing. The segment supplies highly engineered consumable permeable, and impermeable belts. Its Albany Engineered Composites segment provides composite technology solutions and is a manufacturer of engineered components, structures and assemblies for aerospace and defense applications. The segment provides highly engineered, advanced composite structures and assembly solutions to customers and platforms in the commercial and defense markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Albany International Declares $0.28 Quarterly Dividend per Share
- Quarterly Dividend Announcement: Albany International's Board of Directors declared a quarterly dividend of $0.28 per share, payable on January 8, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Record Date for Shareholders: The dividend will be paid to shareholders of record on December 16, 2025, ensuring timely returns for investors and enhancing confidence in the company's financial stability.
- Company Overview: Albany International is a leading developer and manufacturer of engineered components, operating 30 facilities and employing approximately 5,400 people, showcasing its robust operational capabilities in the global market.
- Business Segments: The company operates in two main sectors: Machine Clothing and Engineered Composites, serving diverse industries such as paper manufacturing and aerospace, indicating its diversified market presence and growth potential.
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