AMTEK (AME) has risen sharply, recording gains of 0.76% in the past 4 weeks. However, the stock has corrected -1.79% in the past 1 week, providing a good buying opportunity on dips. AMTEK (AME) : During the past 4 weeks, traders have been relatively bearish on AMTEK (AME), hence the stock is down -1.68% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.2% relative to the S&P 500.
AMTEK (NYSE:AME): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.11 and $45.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.19, notching a gain of 0.61% for the day. The total traded volume was 4,202,689 . The stock had closed at $45.91 on the previous day.
The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 1.5%. Ametek Inc. has dropped 0.99% during the last 3-month period . Year-to-Date the stock performance stands at -13.48%.
AMTEK (AME) : The highest short term price target forecast on AMTEK (AME) is $60 and the lowest target price is $48. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $53.92 with a standard deviation of $3.55.
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.