Handy & Harman Ltd. (HNH) Downgraded by BidaskClub to Sell
BidaskClub lowered shares of Handy & Harman Ltd. (NASDAQ:HNH) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
Handy & Harman (NASDAQ HNH) traded down 0.78% on Tuesday, reaching $31.70. The company’s stock had a trading volume of 16,609 shares. The firm’s 50-day moving average price is $32.51 and its 200-day moving average price is $30.01. Handy & Harman has a 52-week low of $19.00 and a 52-week high of $34.30. The stock has a market cap of $387.41 million, a price-to-earnings ratio of 44.52 and a beta of 1.40.
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Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of Handy & Harman by 12.9% during the 2nd quarter. Citigroup Inc. now owns 3,368 shares of the conglomerate’s stock valued at $106,000 after acquiring an additional 386 shares during the period. Teachers Advisors LLC boosted its stake in Handy & Harman by 25.3% during the second quarter. Teachers Advisors LLC now owns 4,667 shares of the conglomerate’s stock worth $147,000 after acquiring an additional 942 shares in the last quarter. Teton Advisors Inc. boosted its stake in Handy & Harman by 5.0% during the second quarter. Teton Advisors Inc. now owns 17,954 shares of the conglomerate’s stock worth $564,000 after acquiring an additional 859 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Handy & Harman by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 23,576 shares of the conglomerate’s stock worth $740,000 after acquiring an additional 506 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Handy & Harman by 17.0% during the second quarter. Gamco Investors INC. ET AL now owns 35,320 shares of the conglomerate’s stock worth $1,109,000 after acquiring an additional 5,132 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.
About Handy & Harman
Handy & Harman Ltd. is a holding company. The Company, through its subsidiaries, is a diversified manufacturer of engineered industrial products. The Company’s segments include Joining Materials, Tubing, Building Materials, Performance Materials, Electrical Products, and Kasco Blades and Route Repair Services (Kasco).
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