Large Outflow of Money Witnessed in AMTEK

AMTEK (AME) : Money flow in the AMTEK (AME) stock was negative (10.21 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $10.4 million, compared to $20.61 million on downticks. The total uptick to downtick ratio was 0.5, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($8.08 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $8.08 million, indicating persistent selling. AMTEK (AME) traded $0.41 higher at $47.98 gaining 0.86% over the previous days close.

AMTEK

Shares of Ametek Inc. appreciated by 1.37% during the last five trading days but lost 3.51% on a 4-week basis. Ametek Inc. is up 5.7% in the last 3-month period. Year-to-Date the stock performance stands at -9.96%.

AMTEK (AME) has an average broker rating of 1.73, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

AMTEK (NYSE:AME): The stock opened at $47.62 and touched an intraday high of $48.05 on Wednesday. During the day, the stock corrected to an intraday low of $47.43, however, the bulls stepped in and pushed the price higher to close in the green at $47.98 with a gain of 0.86% for the day. The total traded volume for the day was 1,731,082. The stock had closed at $47.57 in the previous trading session.

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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