Albany International Corporation (AIN) Getting Very Positive Media Coverage, Report Finds
News coverage about Albany International Corporation (NYSE:AIN) has trended very positive on Friday, Alpha One Sentiment reports. Alpha One, a division of Accern, rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Albany International Corporation earned a coverage optimism score of 0.56 on Alpha One’s scale. Alpha One also assigned press coverage about the textile maker an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
Shares of Albany International Corporation (NYSE AIN) traded down 0.95% during trading on Friday, hitting $52.20. The stock had a trading volume of 511,152 shares. Albany International Corporation has a one year low of $37.00 and a one year high of $53.25. The stock has a 50 day moving average price of $48.84 and a 200-day moving average price of $47.15. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 33.48 and a beta of 1.71.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, June 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. Albany International Corporation’s dividend payout ratio is currently 43.59%.
About Albany International Corporation
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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