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Feintool International Holding AG ( (CH:FTON) ) just unveiled an announcement.
Feintool has announced a significant restructuring of its Business Unit Stamping Europe, relocating automotive sector activities from Sachsenheim, Germany, to other plants while maintaining a focus on industrial applications at the site. This strategic realignment, driven by challenges in the automotive sector and industrial business weakness, aims to enhance profitability and competitiveness in Europe, with expected annual savings of CHF 15 million post-implementation.
The most recent analyst rating on (CH:FTON) stock is a Hold with a CHF11.50 price target. To see the full list of analyst forecasts on Feintool International Holding AG stock, see the CH:FTON Stock Forecast page.
More about Feintool International Holding AG
Feintool is an international leader in electrical sheet stamping, fineblanking, and forming, producing high-quality precision parts for automotive, industrial, and energy sectors. Founded in 1959 and headquartered in Switzerland, it operates 18 production sites globally with around 3,100 employees.
Average Trading Volume: 4,467
Technical Sentiment Signal: Strong Sell
Current Market Cap: CHF164.3M
See more data about FTON stock on TipRanks’ Stock Analysis page.