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AZZ Inc. (AZZ) Stock Could Soon Reward Patient Investors

AZZ Inc. (NYSE: AZZ) is -26.53% lower on its value in year-to-date trading and has touched a low of $38.00 and a high of $58.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AZZ stock was last observed hovering at around $40.56 in the last trading session, with the day’s gains setting it 0.06%.

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Currently trading at $40.62, the stock is 0.03% and -4.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.15% at the moment leaves the stock -16.76% off its SMA200. AZZ registered -23.14% loss for a year compared to 6-month loss of -17.36%. The firm has a 50-day simple moving average (SMA 50) of $2.60 and a 200-day simple moving average (SMA200) of $15.18.

The stock witnessed a -2.73% gain in the last 1 month and extending the period to 3 months gives it a -13.46%, and is -0.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 2.96% over the month.

AZZ Inc. (AZZ) has around 3885 employees, a market worth around $1.02B and $987.20M in sales. Current P/E ratio is 11.85 and Fwd P/E is 9.32. Profit margin for the company is 8.70%. Distance from 52-week low is 6.89% and -30.67% from its 52-week high. The company has generated returns on investments over the last 12 months (10.20%).

AZZ Inc. is expected to release its quarterly report on 10/05/2022.The EPS is expected to grow by 120.30% this year.

AZZ Inc. (AZZ) Top Institutional Holders

The shares outstanding are 24.71M, and float is at 24.36M with Short Float at 1.34%.

AZZ Inc. (AZZ) Insider Activity

A total of 93 insider transactions have happened at AZZ Inc. (AZZ) in the last six months, with sales accounting for 31 and purchases happening 62 times.

AZZ Inc. (AZZ): Who are the competitors?

The company’s main competitors (and peers) include Powell Industries Inc. (POWL) that is trading -17.80% down over the past 12 months and Regal Rexnord Corporation (RRX) that is -2.16% lower over the same period. Valmont Industries Inc. (VMI) is 11.61% up on the 1-year trading charts.

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