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

Shares of 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 upgraded International Baler from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

The stock has a fifty day moving average of $1.42 and a 200 day moving average of $1.56. The firm has a market capitalization of $7.62 million, a P/E ratio of 27.00 and a beta of 0.54.

International Baler Company Profile (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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