AMTEK (AME) Shares are Up 3.05%

AMTEK (AME) has been under a strong bear grip, hence the stock is down -1.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3% in the past 1 week. The stock has risen by 3.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.04% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 1.65%. AMTEK (NYSE:AME): stock turned positive on Friday. Though the stock opened at $47.52, the bulls momentum made the stock top out at $47.64 level for the day. The stock recorded a low of $47.2 and closed the trading day at $47.6, in the green by 0.23%. The total traded volume for the day was 1,268,546. The stock had closed at $47.49 in the previous days trading.


The company Insiders own 2% of AMTEK shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.92% . Institutional Investors own 86.5% of AMTEK shares. During last six month period, the net percent change held by insiders has seen a change of -10.16%. Also, Equity Analysts at the Jefferies maintains the rating on AMTEK (NYSE:AME). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $56 per share to $54 per share. The rating by the firm was issued on August 9, 2016.

AMETEK, Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Companys EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets. It offers process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor and factory automation industries. The Companys EMG segment offers electrical connectors and electronics packaging used in aerospace and defense, medical and industrial applications, as well as its advanced technical motor and motion control products, which are used in a range of medical devices, office and business equipment, factory automation, robotics and other applications.

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