Zacks Investment Research cut shares of Metso Oyj (NASDAQ:MXCYY) from a buy rating to a hold rating in a report issued on Thursday morning.

According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “

Shares of Metso Oyj (NASDAQ MXCYY) opened at 7.92 on Thursday. The firm’s 50-day moving average price is $8.71 and its 200-day moving average price is $8.09. The company has a market capitalization of $4.75 billion and a PE ratio of 31.18. Metso Oyj has a 12-month low of $6.41 and a 12-month high of $9.15.

Metso Oyj (NASDAQ:MXCYY) last posted its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by $0.03. Metso Oyj had a net margin of 5.33% and a return on equity of 10.95%. The business had revenue of $742.36 million during the quarter. On average, analysts expect that Metso Oyj will post $0.30 EPS for the current fiscal year.

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Metso Oyj Company Profile

Metso Oyj is a global supplier of technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.

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