Manufacturing equipment and testing stocks (*MANUF) are up 6.7% today as reported by Tickerspy. The rise is attributed to K-Tron International’s (NASDAQ: KTII) 30.6% and Measurement Specialties’ (NASDAQ: MEAS) 4.1% gain today.
K-Tron International, the leading global supplier of high-quality feeders, pneumatic conveyors and similar manufacturing systems is currently trading at $148.25, up $34.7 today. According to Benzinga and ABC News, K-Tron International will soon merge with manufacturing company Hillenbrand Inc. (NYSE: HI) to create synergy between two manufacturing companies with completely different product lines. Hillenbrand Inc, the casket and hospital bed making company, agreed to buy the company for $433 million in cash.
Also, both Chinese auto parts stocks (*CHATP) and Chinese agriculture stocks (*CHAGR) continue to gain momentum with 5.7% and 3.4% gains today.
Philip MacDonald
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