Kennametal Inc. (NYSE:KMT) traded today at a new 52-week high of $43.04. This new high was reached on below average trading volume as 120,000 shares traded hands, while the average 30-day volume is approximately 632,000 shares.
Based on a current price of $42.78, Kennametal Inc. is currently 40.5% above its average consensus analyst price target of $25.44.
In the past 52 weeks, shares of Kennametal Inc. have traded between a low of $19.67 and a high of $43.04 and is now at $42.78, which is 118% above that low price.
Kennametal Inc is a manufacturer of metalworking tools and wear-resistant engineered components and coatings. The company operates in three business segments: Industrial, Widia and infrastructure. The industrial segment offers technology and customised solutions used in the manufacture of engines, airframes, automobiles, trucks, ships and other types of industrial equipment. Widia offers an assortment of standard and custom metal cutting solutions to general engineering, aerospace, energy and transportation customers. In the Infrastructure segment, Kennametal offers products and solutions such as road milling, trenching, surface mining, and underground mining safety used in the oil and gas, power generation and chemicals, and highway construction and road maintenance industries.
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