Large Outflow of Money Witnessed in Patterson Companies

Patterson Companies (PDCO) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($9.33 million) and the uptick to downtick ratio was 0.38. The transaction value on upticks was $5.71 million and on downticks, the transaction value was $15.03 million. In block trades, the transaction value of inflow done during uptick was $2.79 million. The transaction value of block trades during downticks was $11.44 million. The uptick to downtick block trade ratio was 0.24. The money flow was negative ($8.66 million), indicating the traders were booking profit on the price strength. Patterson Companies (PDCO) rose $0.28 at $46.18, during intraday Wednesday , a rise of 0.61% over the previous days close.


Patterson Companies, Inc. has lost 1.32% in the last five trading days and dropped 0.37% in the last 4 weeks. Patterson Companies, Inc. has dropped 2.49% during the last 3-month period . Year-to-Date the stock performance stands at 3.72%.

Patterson Companies (PDCO) : 7 analysts are covering Patterson Companies (PDCO) and their average rating on the stock is 2.57, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Patterson Companies (NASDAQ:PDCO): The stock opened at $45.78 and touched an intraday high of $46.2 on Wednesday. During the day, the stock corrected to an intraday low of $45.66, however, the bulls stepped in and pushed the price higher to close in the green at $46.18 with a gain of 0.61% for the day. The total traded volume for the day was 1,000,901. The stock had closed at $45.9 in the previous trading session.

Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The Companys dental supply segment provides consumable products (including x-ray film, restorative materials, hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems, and office forms and stationery. The Companys veterinary supply segment distributes veterinary supplies to companion-pet (dogs, cats and other common household pets), equine and large animal veterinarians and veterinary clinics, public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.

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