Eye Catching Stock News: Lindsay Corporation (NYSE:LNN)

Lindsay Corporation (NYSE:LNN) stock identified change of 49.89% away from 52-week low price and recently located move of -2.09% off 52-week high price. It has market worth of $1.21B and dividend yield of 1.13%. LNN stock has been recorded 10.84% away from 50 day moving average and 21.37% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.27% off 20-day moving average.

On Feb. 12, 2020, Lindsay Corporation (NYSE:LNN) a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, reported the global release of new Zimmatic poly pipe for its center pivot irrigation systems designed for growers who irrigate in corrosive water environments.

Corrosive water, caused by a number of factors ranging from high or low pH to variable mineral content to waste water applications, can weaken and deteriorate standard galvanized pipe, leading to premature failure.

Polyethylene-lined pipe, or poly pipe, is the leading solution for growers who irrigate in corrosive water environments. Driven by customer-first innovation, Lindsay engineered its new Zimmatic poly pipe to consistently deliver the highest level of performance and structural integrity in the most extreme conditions.

Customers drive everything we do at Lindsay – and water quality issues continue to be an increasingly prevalent challenge for growers around the world.  While several different options to handle corrosive water have existed in the market for years, growers told us there was a real need to have a better solution, said Wade Sikkink, director of global product management at Lindsay. So, we looked at this old problem with a fresh approach and reengineered an entirely new solution about which we are extremely excited and, even more importantly, that our customers are telling us is an absolute gamechanger for them.

The Industrial Goods sector company, Lindsay Corporation noticed change of 0.37% to $109.42 along volume of 135264 shares in recent session compared to an average volume of 84.86K. The stock observed return of 2.08% in 5 days trading activity. The stock was at 0.40% over one month performance. LNN’s shares are at 21.20% for the quarter and driving a 23.53% return over the course of the past year and is now at 13.99% since this point in 2018.

The average volatility for the week at 1.79% and for month was at 2.12%. There are 11.05M shares outstanding and 10.70M shares are floated in market. Right now the stock beta is 0.34.

Leave a Reply

Your email address will not be published. Required fields are marked *