Handy & Harman Ltd. (NASDAQ:HNH) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Shares of Handy & Harman (NASDAQ:HNH) opened at 32.10 on Tuesday. The company’s 50-day moving average price is $32.51 and its 200 day moving average price is $29.97. Handy & Harman has a 1-year low of $19.00 and a 1-year high of $34.30. The company has a market cap of $392.29 million, a price-to-earnings ratio of 45.08 and a beta of 1.40.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in HNH. Kennedy Capital Management Inc. boosted its holdings in Handy & Harman by 21.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 458,214 shares of the conglomerate’s stock worth $14,388,000 after buying an additional 81,606 shares during the period. Vanguard Group Inc. increased its stake in Handy & Harman by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 97,754 shares of the conglomerate’s stock worth $3,070,000 after buying an additional 2,158 shares in the last quarter. LSV Asset Management increased its stake in Handy & Harman by 4.9% in the 2nd quarter. LSV Asset Management now owns 92,080 shares of the conglomerate’s stock worth $2,891,000 after buying an additional 4,300 shares in the last quarter. California Public Employees Retirement System increased its stake in Handy & Harman by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 64,600 shares of the conglomerate’s stock worth $2,028,000 after buying an additional 1,400 shares in the last quarter. Finally, State Street Corp increased its stake in Handy & Harman by 9.6% in the 2nd quarter. State Street Corp now owns 44,960 shares of the conglomerate’s stock worth $1,413,000 after buying an additional 3,940 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

About Handy & Harman

Handy & Harman Ltd. is a holding company. The Company, through its subsidiaries, is a diversified manufacturer of engineered industrial products. The Company’s segments include Joining Materials, Tubing, Building Materials, Performance Materials, Electrical Products, and Kasco Blades and Route Repair Services (Kasco).

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