End-Market Uncertainties Challenge Applied Industrial's Sales

 | Aug 21, 2019 07:30AM ET

We issued an updated research report on Applied Industrial Technologies, Inc. (NYSE:AIT) on Aug 20.

The industrial products distributor currently carries a Zacks Rank #5 (Strong Sell) and has a market capitalization of approximately $2.1 billion.

Below we discussed why it will be prudent for investors to avoid investing in the stock for now.

Share Price Performances & Earnings Estimate Revision: Market sentiments have been against Applied Industrial for quite some time now. Its stock price has decreased roughly 3.3% in the past three months against the Zacks Investment Research

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