Enersys (ENS) : Traders are bullish on Enersys (ENS) as it has outperformed the S&P 500 by a wide margin of 7.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.69% in the last 1 week, and is up 8.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
EnerSys is up 20.83% in the last 3-month period. Year-to-Date the stock performance stands at 26.79%. The stock has recorded a 20-day Moving Average of 7.71% and the 50-Day Moving Average is 11.13%.
Enersys (NYSE:ENS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.07 and $69.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.50, notching a gain of 0.28% for the day. The total traded volume was 224,681 . The stock had closed at $70.30 on the previous day.
Also, Equity analysts at the Brokerage firm Maxim Group upgrades its rating on Enersys (NYSE:ENS). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on June 2, 2016.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company also manufacture, market and distribute related products such as chargers, power equipment, outdoor cabinet enclosures and battery accessories. It provides related after-market and customer-support services for industrial batteries. The Company has two primary product lines: reserve power products and motive power products. Reserve power products are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems, or UPS applications for computer and computer-controlled systems, and other specialty power applications. Motive power products are used to provide power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications, as well as mining equipment, diesel locomotive starting and other rail equipment.