Albany International is engaged the Machine Clothing (MC) segment and the Albany Engineered Composites (AEC) segment. The MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement and several other industrial applications. Co. designs, manufactures, and markets paper machine clothing for each section of the paper machine and for every grade of paper. The AEC segment provides engineered, composite structures to customers in the commercial and defense aerospace industries. AEC also supplies; vacuum waste tanks for the Boeing 7-Series programs and components for the Rolls Royce lift fan on the F-35. We show 48 historical shares outstanding datapoints in our AIN shares outstanding history coverage, used to compute AIN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AIN market cap history over the course of time is important for investors
interested in comparing AIN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AIN versus a peer is one thing; comparing
AIN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AIN can fluctuate over the course of history.
With this page we aim to empower investors researching AIN by allowing them to research the AIN market cap history. |
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Video: The Importance of Market Cap
