Albany International (AIN, Financial) recently experienced a significant stock price drop of 5.04%, bringing its value to $73.80 per share. The trading volume reached 139,462 shares, with a turnover rate of 0.45% and a price fluctuation of 4.83%.
In its latest financial report, Albany International reported a revenue of $332 million, with a net profit of $24.62 million, translating to earnings per share of $0.79. The company's gross profit stood at $112 million, and it maintained a price-to-earnings ratio of 21.11.
Analyst ratings reveal that among the six firms covering the stock, 50% recommend buying, 33% suggest holding, and 17% advise selling. Within the textile manufacturing industry, the overall sector saw a decline of 1.85%. Despite this, Albany International, along with peers such as Karp Textiles and Yihua Yu Hui, showed notable trading activity and price movements. The turnover rates for these companies were 0.45%, 0.03%, and 0.02%, respectively, with Albany International having a price fluctuation of 4.83%.
Albany International operates in textile and material processing, with two main business divisions: the Machine Clothing segment, which produces custom-designed fabrics and belts for various industries, and the Albany Engineered Composites division, which caters to the aerospace and defense sectors. The Machine Clothing segment accounts for the majority of the company's revenue. The company has a global presence, generating income from operations in the United States, Switzerland, Brazil, China, Mexico, France, and other regions.
