Hardinge, Inc. (HDNG) - NASDAQ
  • Tue, May 10, 12:47 PM
    | Tue, May 10, 12:47 PM
  • Jun. 14, 2013, 10:42 AM

    Hardinge (HDNG -1.2%) slips in spite of an upbeat intiation at Ascendiant this morning with a Buy rating and a $17 price target. The firm says that the company's recent acquisition of Forkardt is expected to increase higher margin workholding revenue to one third of total sales from roughly one quarter of sales currently. Additionally, the company has made investments in existing facilities which should improve productivity and expand capacity.

    | Jun. 14, 2013, 10:42 AM
Company Description
Hardinge, Inc. designs, manufactures and distributes machine tools, which specializes in precision computer numerically controlled metal-cutting machines. The company designs and manufactures computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks,... More
Industry: Machine Tools & Accessories
Country: United States