Fastenal Company (FAST) has risen sharply, recording gains of 2.34% in the past 4 weeks. However, the stock has corrected -0.57% in the past 1 week, providing a good buying opportunity on dips. Fastenal Company (FAST) : Traders are bullish on Fastenal Company (FAST) as it has outperformed the S&P 500 by a wide margin of 2.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.09%, relative to the S&P 500.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.34% and the fifty day Moving Average is 1.02%. Fastenal Company has dropped 4.2% during the last three month period . Year-to-Date the stock performance stands at 9.53%.
Fastenal Company (FAST) : 6 investment research analysts covering Fastenal Company (FAST) have an average price target of $44.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $51 and the lowest target is $36 for the short term. Analysts expect the variance to be within $5.75 of the average price.
Fastenal Company (NASDAQ:FAST): stock turned positive on Friday. Though the stock opened at $43.86, the bulls momentum made the stock top out at $44.23 level for the day. The stock recorded a low of $43.49 and closed the trading day at $43.75, in the green by 0.05%. The total traded volume for the day was 1,330,178. The stock had closed at $43.73 in the previous days trading.
Fastenal Company sells industrial and construction supplies to end-users (business-to-business), and also has some walk-in retail business. The Companys product offerings include fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Companys product line, which it refers to as the fastener product line, consists of two categories: threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. The Companys product line includes fasteners, cutting tools, tools, hydraulics and pneumatics, material handling, janitorial supplies, electrical supplies, welding supplies, safety supplies, metals, direct ship and office supplies. It operates approximately 14 distribution centers in North America.