Tennant (NYSE:TNC – Get Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Tennant Stock Performance
TNC stock traded down $4.25 during mid-day trading on Monday, hitting $94.98. 107,563 shares of the company were exchanged, compared to its average volume of 125,350. The company has a current ratio of 2.15, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34. Tennant has a 1-year low of $72.81 and a 1-year high of $124.11. The business has a 50 day simple moving average of $101.32 and a 200-day simple moving average of $106.04. The stock has a market capitalization of $1.81 billion, a PE ratio of 15.78 and a beta of 1.02.
Tennant (NYSE:TNC – Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.36. Tennant had a net margin of 9.10% and a return on equity of 23.16%. The firm had revenue of $311.00 million for the quarter, compared to analyst estimates of $314.10 million. On average, equities analysts forecast that Tennant will post 6.56 earnings per share for the current year.
Institutional Trading of Tennant
Tennant Company Profile
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions.
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