Zacks Investment Research Lowers FENNER (FNERF) to Hold
Zacks Investment Research lowered shares of FENNER (NASDAQ:FNERF) from a buy rating to a hold rating in a report issued on Wednesday morning.
According to Zacks, “Fenner plc is a polymer technology company, which manufactures and distributes conveyor belting and reinforced precision polymer products. It operates through the Engineered Conveyor Solutions and Advanced Engineered Products segments. Engineered Conveyor Solutions segment manufactures rubber ply, solid woven and steel cord conveyor belting for mining, power generation and industrial applications. Advanced Engineered Products segment manufactures precision polymer products including precision drives for computer peripherals, copiers and ATMs; problem solving power transmission and motion transfer components; silicone and complex hoses; seals and sealing solutions for the fluid power and oil and gas industries; technical textiles for medical and industrial applications and silicone based products and fluropolymer components for fluid and gas handling. Fenner plc is headquartered in Hessle, the United Kingdom. “
Separately, Numis Securities Ltd upgraded shares of FENNER from a hold rating to an add rating in a research note on Friday, July 7th.
Shares of FENNER (NASDAQ FNERF) remained flat at $4.50 during mid-day trading on Wednesday. 1,000 shares of the company’s stock were exchanged. FENNER has a 12 month low of $2.46 and a 12 month high of $4.51. The stock has a 50-day moving average of $4.44 and a 200-day moving average of $4.03. The firm has a market cap of $872.50 million and a P/E ratio of 250.00.
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