Benzinga | Sep 30, 2020 10:51AM EDT

Why Enerpac Tool's Stock Is Trading Lower Today

Enerpac Tool Group (NYSE:EPAC) shares are trading lower on Wednesday after the company reported worse-than-expected fourth-quarter EPS and sales results.

Enerpac Tool, previously known as Actuant, provides high-precision tools, controlled-force products, and solutions for precise heavy lifting. The company operates through three segments: industrial tools and services; engineered components; and systems.

Enerpac Tool shares traded down 9.34% to $18.06 on Wednesday at the time of publication. The stock has a 52-week high of $27.94 and a 52-week low of $13.28.