Vermont Industries (VMI) Stock Dips Amid Market Fluctuations

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Oct 21, 2024
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Vermont Industries (VMI, Financial) experienced a significant stock price movement, with a swift decline of 1.71%. The stock is currently priced at $300.00 per share, with a trading volume of 84,494 shares, a turnover rate of 0.42%, and a price fluctuation of 2.01%.

According to recent financial reports, Vermont Industries reported a revenue of $1.04 billion, a net profit of $99.72 million, earnings per share of $4.94, and a gross profit of $320 million. The company has a price-to-earnings (P/E) ratio of 35.94. Among the seven institutions that rated the stock, 86% recommended buying, while 14% advised holding, with no recommendations to sell.

The company's sector, the conglomerate industry, experienced an overall decline of 1.36%. Within this sector, stocks such as Falcons Beyond Global Inc, Air T, Inc., and Steel Partners Holdings saw notable gains. Other active stocks in the sector included 1847 Holdings LLC, MDU Resources Group, Inc., and Vermont Industries itself, with turnover rates of 133.90%, 0.77%, and 0.42%, respectively. Stocks with significant price swings included Falcons Beyond Global Inc, 1847 Holdings LLC, and Air T, Inc., posting fluctuations of 22.66%, 19.20%, and 6.98%, respectively.

Vermont Industries Ltd. operates as an investment holding company, focusing on infrastructure and agriculture through its two segments. The company generates most of its revenue from the infrastructure segment, which includes manufacturing and distributing products and solutions for utilities, renewable energy, lighting, transportation, and telecommunications infrastructure markets, as well as providing anti-corrosion coating services for metal products. A substantial portion of its revenue comes from North America.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.