|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||22.24|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The mining industry has been in a rut, and so have equipment makers like Caterpillar, Komatsu, and Cummins, but that's starting to change.
Chinese demand for trucks, cranes and diggers is gaining momentum after bottoming out last year, driven by a Beijing-backed infrastructure push, a housing boom and increased investment linked to China's modern-day "Silk Road". Chinese and global machinery makers, including Caterpillar Inc, Japan's Komatsu Ltd and Sany Heavy Industry, posted strong profits this week for the first quarter of the year, citing growing strength in the Chinese market after years of decline.
Komatsu Ltd., the world’s No. 2 supplier of construction equipment, said industry-wide demand from miners fell 13 percent in the last quarter, signaling that the rebound in commodities prices is yet to ...