Kadant Inc (KAI) experienced unusually high volume on Dec. 21, as the stock lost 3.26% to a closing price of $39.75. The stock saw 86,037 shares trade hands over the course of the day on 491 trades. Given that the stock’s average daily volume over the last month has been 55,920 shares a day, this represents a pretty substantial spike over the norm.
Kadant Inc has a P/B ratio of 1.64. It also has a P/E ratio of 13.3. The stock has traded between $56.29 and $37.72 over the last 52-weeks, its 50-day SMA is now $41.41, and its 200-day SMA $45.31.
Kadant Inc develops, manufactures, and markets equipment and products for the papermaking, paper recycling and other process industries. It also designs and manufactures stranders and related equipment used in the production of oriented strand board.
Headquartered in Westford, MA, Kadant Inc has 1,800 employees and is currently under the leadership of CEO Jonathan W. Painter.
For a complete fundamental analysis analysis of Kadant Inc, check out Equities.com’s Stock Valuation Analysis report for KAI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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