AMTEK (AME) has risen sharply, recording gains of 6.41% in the past 4 weeks. However, the stock has corrected -1.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.55% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 3.9%.The 200 Day SMA reached 0.8%. Ametek Inc. is up 2.1% in the last 3-month period. Year-to-Date the stock performance stands at -7.94%.
AMTEK (NYSE:AME): After opening at $48.99, the stock dipped to an intraday low of $48.91 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $49.22 and the buying power remained strong till the end. The stock closed at $49.15 for the day, a gain of 0.76% for the day session. The total traded volume was 680,373. The stocks close on the previous trading day was $48.78.
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.