As the last defense the currenty tested technical support break down over the upcoming trading sessions, which should trigger a new bearish pullback for stocks in Lincoln Electric Holdings, Inc..
Summary
● In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
● For a short-term investment strategy, the company has poor fundamentals.
Strengths
● The share is getting closer to its long-term support in weekly data, at USD 86.83, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The tendency within the weekly time frame is positive above the technical support level at 86.83 USD
Weaknesses
● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
● For the past year, analysts have significantly revised downwards their profit estimates.
Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. Its segments include Americas Welding, International Welding, and the Harris Products Group. Americas Welding segment includes welding operations in North and South America. International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. Harris Products Group includes its global oxyfuel cutting, soldering and brazing businesses and its retail business in the United States. Its products include arc welding, brazing and soldering filler metals (consumables), arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; and a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing. It offers automation system integration and technology, specializing in automated welding systems.