International Baler (OTCMKTS:IBAL) Stock Passes Above 50-Day Moving Average of $1.42

International Baler Co. (OTCMKTS:IBAL) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.42 and traded as high as $1.47. International Baler shares last traded at $1.47, with a volume of 200 shares changing hands.

Separately, ValuEngine raised International Baler from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

The business has a 50 day moving average price of $1.42 and a two-hundred day moving average price of $1.56. The company has a market cap of $7.62 million, a P/E ratio of 27.00 and a beta of 0.54.

About International Baler (OTCMKTS:IBAL)

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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