NYSE:AITTrade Distributors
Is It Time To Reassess Applied Industrial Technologies (AIT) After Recent Share Price Pullback?
If you are wondering whether Applied Industrial Technologies is attractively priced right now, the recent share performance gives you a useful starting point but not the full story.
The stock last closed at US$259.51, with returns of an 8.1% decline over 7 days, a 0.6% decline over 30 days, broadly flat year to date, a 0.8% decline over 1 year, 82.2% over 3 years and 248.6% over 5 years.
These mixed shorter term moves, set against much stronger multi year returns, have put valuation in...