Kadant traded at $303.65 this Friday March 13th, decreasing $17.60 or 5.48 percent since the previous trading session. Looking back, over the last four weeks, Kadant lost 8.95 percent. Over the last 12 months, its price fell by 13.85 percent. Looking ahead, we forecast Kadant to be priced at 294.48 by the end of this quarter and at 268.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
Kadant Inc. is a global supplier of critical components and engineered systems used in process industries. The Company is engaged in developing, manufacturing, and servicing a range of products and equipment used in process industries such as paper, packaging, and tissue; wood products; mining; metals; food processing; and recycling and waste management, among others. The Company's business segments include Flow Control, Industrial Processing, and Material Handling. The Flow Control segment consists of the fluid-handling and doctoring, steam systems, rotary sealing, cleaning, and filtration product lines. The Industrial Processing segment consists of the wood processing, chemical pulping, debarkers, stranders, and stock-preparation product lines. The Material Handling segment consists of the conveying and vibratory equipment, and screening, baling, and fiber-based product lines.