Lindsay traded at $103.02 this Thursday April 2nd, decreasing $14.13 or 12.06 percent since the previous trading session. Looking back, over the last four weeks, Lindsay lost 22.56 percent. Over the last 12 months, its price fell by 20.31 percent. Looking ahead, we forecast Lindsay to be priced at 99.92 by the end of this quarter and at 91.17 in one year, according to Trading Economics global macro models projections and analysts expectations.
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Company’s irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used principally in the agricultural industry. The Company’s infrastructure segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures. It also manufactures and markets hose reel travelers under the Perrot and Greenfield brands. It produces or markets chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems, which it sells under its GrowSmart brand.