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.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/10/04/handy-harman-ltd-hnh-downgraded-by-bidaskclub-to-sell.html.

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).

Receive News & Stock Ratings for Handy & Harman Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Handy & Harman Ltd. and related stocks with our FREE daily email newsletter.