PGT (PGTI) has been under a strong bear grip, hence the stock is down -4.57% 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 0.92% in the past 1 week. The stock has risen by 0.88% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.2% in the past 4 weeks.
PGT, Inc. is up 10.25% in the last 3-month period. Year-to-Date the stock performance stands at 0.09%. The stock has recorded a 20-day Moving Average of 2.79% and the 50-Day Moving Average is 2.13%.
PGT (NASDAQ:PGTI): The stock opened at $11.40 on Friday but the bulls could not build on the opening and the stock topped out at $11.51 for the day. The stock traded down to $11.20 during the day, due to lack of any buying support eventually closed down at $11.40 with a loss of -0.52% for the day. The stock had closed at $11.46 on the previous day. The total traded volume was 279,485 shares.
Also, FBR Capital initiates coverage on PGT (NASDAQ:PGTI). FBR Capital has a Outperform rating on the shares. As per the latest report, the brokerage house announces the price target to $14.5 per share. The rating by the firm was issued on June 1, 2016.
PGT, Inc. is a manufacturer and supplier of residential impact-resistant windows and doors. The Companys impact-resistant products are marketed under WinGuard, PremierVue, PGT Architectural Systems and PGT Commercial Storefront System brand names, combine heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects. The Company also manufactures non-impact resistant products in both aluminum and vinyl frames, including its SpectraGuard line of products. The Company conducts business in the Southeastern United States, Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America and Canada.