AMTEK (AME) : Traders are bullish on AMTEK (AME) as it has outperformed the S&P 500 by a wide margin of 5.81% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.44%, 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 0.77% in the last 1 week, and is up 5.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.73% and the fifty day Moving Average is 5.59%. Ametek Inc. is up 4.02% in the last three month period. Year-to-Date the stock performance stands at -6.98%.
AMTEK (AME) : Average target price received by AMTEK (AME) is $52.58 with an expected standard deviation of $3.42. The most aggressive target on the stock is $60, whereas the most downbeat target is $47. 12 financial analysts are currently covering the stock.
AMTEK (NYSE:AME): On Fridays trading session , Opening price of the stock was $49.85 with an intraday high of $50.27. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $49.515. However, the stock managed to close at $49.66, a loss of 0.26% for the day. On the previous day, the stock had closed at $49.79. The total traded volume of the day was 1,045,582 shares.
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.