International Baler (OTCMKTS:IBAL) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of International Baler (OTCMKTS:IBAL) from a hold rating to a buy rating in a research note issued to investors on Thursday, ValuEngine reports.

IBAL stock remained flat at $$1.45 during midday trading on Thursday. The company’s stock had a trading volume of 200 shares, compared to its average volume of 233. The stock’s fifty day moving average price is $1.52 and its 200 day moving average price is $1.60. International Baler has a 12 month low of $0.85 and a 12 month high of $2.00. The stock has a market cap of $7.52 million, a price-to-earnings ratio of 48.33 and a beta of 0.54.

About International Baler

International Baler Corporation manufactures and sells baling equipment to compress various materials into bales for handling, shipping, disposal, storage, and recycling. The company offers general purpose horizontal and vertical balers for compaction of paper, corrugated boxes, and miscellaneous solid waste materials; and specialty balers, including scrap metal, drum crusher, textile, and double chamber balers that are used for textile materials, used clothing, aluminum cans, 55-gallon drums, and synthetic rubber.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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