Metso (MXCYY) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Metso (OTCMKTS:MXCYY) from a sell rating to a hold rating in a research note published on Saturday.

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. “

Metso (MXCYY) traded down $0.09 during mid-day trading on Friday, reaching $8.86. The company’s stock had a trading volume of 599 shares, compared to its average volume of 3,883. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.01 and a quick ratio of 1.34. The company has a market capitalization of $5,331.34, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.00 and a beta of 1.50. Metso has a 12 month low of $6.76 and a 12 month high of $9.36.

Metso (OTCMKTS:MXCYY) last posted its earnings results on Thursday, October 19th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The company had revenue of $790.60 million during the quarter. Metso had a net margin of 4.28% and a return on equity of 8.49%. analysts predict that Metso will post 0.28 EPS for the current fiscal year.

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About Metso

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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