Why Is It Moving? Looking Into Why Kennametal's Stock is Trading Lower Today

Kennametal's Stock Price And Volume Action

Kennametal's KMT stock has been falling Monday, down 1.91% to a price of $34.75. Monday the stock has been traded at a volume of 70.37 thousand, about 10.36% of its recent 30-day volume average of 679.35 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Kennametal shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $36 to $35 per share.

Further Analysis of Recent Price Action

The 50-day moving average price of Kennametal's stock was $37.76 when this article was published. The stock reached a high of $41.8 and a low of $14.45 in the past 52 weeks.

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