Albany International Stock Hits New 52-Week Low (AIN)

NEW YORK ( TheStreet) -- Albany International Corporation (NYSE: AIN) hit a new 52-week low Friday as it is currently trading at $18.31, below its previous 52-week low of $18.32 with 206,599 shares traded as of 3:20 p.m. ET. Average volume has been 209,700 shares over the past 30 days.

Albany International has a market cap of $565.3 million and is part of the industrial goods sector and industrial industry. Shares are down 18% year to date as of the close of trading on Thursday.

Albany International Corp. manufactures and sells paper machine clothing and industrial doors worldwide. It operates in five segments: Paper Machine Clothing, Albany Door Systems, Engineered Fabrics, Engineered Composites, and PrimaLoft Products. The company has a P/E ratio of 12.7, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Albany International as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and revenue growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Albany International Ratings Report.

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