AIN Stock Summary and Trading Ideas (Albany Intl | NYSE:AIN)

Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.

Albany Intl trades on the NYSE stock market under the symbol AIN.

As of March 27, 2023, AIN stock price climbed to $86.42 with 131,174 million shares trading.

AIN has a beta of 0.83, meaning it tends to be less sensitive to market movements. AIN has a correlation of 0.41 to the broad based SPY ETF.

AIN has a market cap of $2.69 billion. This is considered a Mid Cap stock.

Last quarter Albany Intl reported $269 million in Revenue and $.75 earnings per share. This beat revenue expectation by $26 million and exceeded earnings estimates by $.08.

In the last 3 years, AIN stock traded as high as $115.39 and as low as $40.45.

The top ETF exchange traded funds that AIN belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

AIN has outperformed the market in the last year with a return of +1.1%, while the SPY ETF lost -10.6%. However, in the most recent history, AIN shares have underperformed the stock market with its stock returning -12.2% in the last 3 month period and -6.8% for the last 2 week period, while SPY has returned +3.9% and +3.1%, respectively.

AIN support price is $83.47 and resistance is $87.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIN stock will trade within this expected range on the day.