Altra Industrial Motion Betting on Global Economy
If the current trade wars don't escalate to the point where it will disrupt global economic growth, industrial companies like Altra Industrial Motion Corp (NASDAQ:AIMC) could rally, especially if steel and aluminum tariffs dissipate.
In the case of AIMC stock, it has not been an easy time as the threat of higher tariffs on steel and aluminum drive up the cost of Altra Industrial Motion's products.
Altra Industrial Motion is just off its 52-week low of $40.45, down 17.45% this year and down 23% from its range high of $53.70.
Altra Industrial is a play on the global economy, manufacturing a broad range of.
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If the current trade wars don't escalate to the point where it will disrupt global economic growth, industrial companies like Altra Industrial Motion Corp (NASDAQ:AIMC) could rally, especially if steel and aluminum tariffs dissipate.
In the case of AIMC stock, it has not been an easy time as the threat of higher tariffs on steel and aluminum drive up the cost of Altra Industrial Motion's products.
Altra Industrial Motion is just off its 52-week low of $40.45, down 17.45% this year and down 23% from its range high of $53.70.
Altra Industrial is a play on the global economy, manufacturing a broad range of.
Den vollständigen Artikel lesen ...