Metso (OTCMKTS:MXCYY) Shares Up 5.2% – Here’s Why

Metso Co. (OTCMKTS:MXCYY) shares rose 5.2% on Friday . The company traded as high as $8.00 and last traded at $7.7825. Approximately 6,900 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 6,274 shares. The stock had previously closed at $7.40.

Metso Trading Up 5.2%

The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 13.65 and a beta of 1.79. The business’s 50 day moving average is $7.78 and its 200 day moving average is $7.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.19 and a quick ratio of 1.13.

About Metso

Metso Oyj, traded OTC as MXCYY, is a Finland-based industrial machinery company specializing in sustainable solutions and services for mining, aggregates, recycling, oil, gas and process industries. The company designs, manufactures and supplies equipment such as crushers, screens, grinding mills and material handling systems, as well as wear parts and consumables. In addition, Metso provides automation, control systems and digital services to optimize production processes and improve operational efficiency.

Serving customers in over 50 countries across six continents, Metso operates through a global network of sales offices, manufacturing sites and service centers.