Sidoti downgraded shares of Hardinge (NASDAQ:HDNG) from a buy rating to a neutral rating in a research note released on Wednesday morning, TheFlyOnTheWall.com reports.
Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Hardinge in a research note to investors on Friday, June 14th. They set a buy rating and a $17.00 price target on the stock.
Hardinge (NASDAQ: HDNG) traded down 1.21% on Wednesday, hitting $16.29. Hardinge has a 1-year low of $8.56 and a 1-year high of $16.88. The stock’s 50-day moving average is currently $15.1. The company has a market cap of $191.5 million and a price-to-earnings ratio of 12.50.
Hardinge Inc (NASDAQ: HDNG) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metal-cutting machines.
