Shares of Applied Industrial Technologies Inc. (NYSE:AIT) traded at a new 52-week high today of $120.18. So far today approximately 85,000 shares have been exchanged, as compared to an average 30-day volume of 141,000 shares.
Applied Industrial Technologies Inc. (NYSE:AIT) is currently priced 46.5% above its average consensus analyst price target of $64.22.
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.
In the past 52 weeks, shares of Applied Industrial Technologies Inc. have traded between a low of $80.92 and a high of $120.18 and is now at $120.02, which is 48% above that low price.
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