AMTEK (NYSE:AME) has witnessed a drop of 4.1% or 229,385 shares in its short figure. The short interest diminution took it from 5,612,117 on May 31,2016 to 5,382,732 on June 15,2016. In terms of floated shares, the short interest was calculated to be 2.3%. The days to cover are 5 given that the daily volume averaged 1,097,981 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
AMTEK (NYSE:AME): The stock opened at $45.57 on Friday but the bulls could not build on the opening and the stock topped out at $46.02 for the day. The stock traded down to $44.70 during the day, due to lack of any buying support eventually closed down at $44.70 with a loss of -5.84% for the day. The stock had closed at $47.47 on the previous day. The total traded volume was 4,968,553 shares.
The company shares have dropped -17.28% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $57.67 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $47.29 and the 200 Day Moving Average price is recorded at $48.68.
AMTEK (NYSE:AME) has tumbled 3.93% during the past week and has dropped 6.54% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.34%. AMTEK (NYSE:AME) has underperformed the index by 3.72% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.