JBT Marel Completes Strategic Merger and Consolidation
TipRanks (Tue, 7-Jan 9:28 AM ET)
Business Wire (Fri, 3-Jan 6:30 AM ET)
John Bean Technologies Corp is a food tech business that provides both customized and turnkey industrial solutions for the food and beverage industry, including a large variety of protein processing and packaging solutions, as well as fruit and juice extraction and ready-to-eat solutions.
JBT Marel trades on the NYSE stock market under the symbol JBTM.
As of January 8, 2025, JBTM stock price declined to $122.19 with 547,110 million shares trading.
JBTM has a market cap of $3.89 billion. This is considered a Mid Cap stock.
Last quarter JBT Marel reported $454 million in Revenue and $1.50 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.10.
The top ETF exchange traded funds that JBTM belongs to (by Net Assets): IJR, IWM, SPSM, IWN, BOTZ.
JBTM support price is $118.29 and resistance is $129.43 (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 JBTM shares will trade within this expected range on the day.