Large Outflow of Money Witnessed in Applied Industrial Technologies, Inc.

Applied Industrial Technologies, Inc. (AIT) had an volatile session and gained 0.55 points till last call. The price was at $61, gaining 0.91% till the last intraday data. The total uptick value was $1.39 million while the total downtick value was $5.52 million. The shares saw a net money flow of $(-4.14) million and the up/down ratio stood at 0.25. The stock has seen a change of of -2.4% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-3.62) million. Almost $0 million were received in upticks and approximately $3.62 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Applied Industrial Technologies, Inc. has dropped 5.14% in the last five trading days, however, the shares have posted positive gains of 2.61% in the last 4 weeks. Applied Industrial Technologies, Inc. is up 20.61% in the last 3-month period. Year-to-Date the stock performance stands at 2.61%. Applied Industrial Technologies, Inc. (NYSE:AIT) rose 0.83% or 0.5 points on Wednesday and made its way into the gainers of the day. After trading began at $60.6 the stock was seen hitting $61.6 as a peak level and $60.55 as the lowest level. The stock ended up at $60.95. The daily volume was measured at 311,565 shares. The 52-week high of the share price is $66.65 and the 52-week low is $37.12. The company has a market cap of $2,376 million.

Company has reported several Insider transactions to the SEC, on Nov 18, 2016, Green Edith Kelly (director) sold 4,500 shares at 45.03 per share price.On Nov 14, 2016, Peter A Dorsman (director) sold 3,378 shares at 54.15 per share price.On Nov 14, 2016, L Thomas Hiltz (director) sold 5,000 shares at 54.43 per share price.

Applied Industrial Technologies Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.58. The company had revenue of $608.12 million for the quarter, compared to analysts expectations of $600.05 million. The companys revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Applied Industrial Technologies is one of North Americas leading distributors of bearings, linear technologies, power transmission components, rubber products, specialty maintenance items and electrical/mechanical and fluid power products and systems to the MRO (maintenance and repair operations) and OEM (original equipment manufacturer) markets. The company offers products to a broad cross-section of U.S. industries.


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