Shares of Met-Pro Under Pressure, Down 1.5%

Published on Wed, 02/08/2012 - 12:38
By Robert Cotter in Market movers, MPR, market movers, met-pro, nyse:mpr

Met-Pro (NYSE:MPR) is one of today's biggest movers, down 1.5% to $10.17. The S&P is trading fractionally lower to 1,346 and the Dow is trading fractionally lower to 12,853.

Met-Pro share prices have moved between a 52-week high of $12.35 and a 52-week low of $8.03 and are now trading 27% above that low price at $10.17 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Met-Pro Corporation manufactures and sells product recovery and pollution control equipment for purification of air and liquids. The Company also manufactures fluid handling equipment for corrosive, abrasive, and high temperature liquids. Met-Pro sells its products around the world.

Met-Pro (NYSE:MPR) has potential upside of 27.8% based on a current price of $10.17 and analysts' consensus price target of $13.00. Met-Pro shares have support at the 200-day moving average (MA) of $9.86 and additional support at the 50-day MA of $9.42.

By Robert Cotter
rcotter@fnno.com
video platform video management video solutions video player {SEO}

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