AMETEK Inc. (NYSE:AME) shares fell to a low of $132.97 before closing at $133.12. Intraday shares traded counted 0.78 million, which was 23.81% higher than its 30-day average trading volume of 1.03M. AME’s previous close was $133.69 while the outstanding shares total 230.44M. The firm has a beta of 1.34, a 12-month trailing P/E ratio of 38.01. The stock’s Relative Strength Index (RSI) is 50.20, with weekly volatility at 1.26% and ATR at 2.28. The AME stock’s 52-week price range has touched low of $84.53 and a $139.07 high. The stock traded lower over the last trading session, losing -0.43% on 05/25/21.
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Investors have identified the Specialty Industrial Machinery company AMETEK Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $30.63 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
AMETEK Inc. (AME) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For AME, the company has in raw cash 1.12 billion on their books with 94.67 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 2.57 billion total, with 1.14 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 4.95 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AME sounds very interesting.
Is the stock of AME attractive?
In related news, PRES. – ELECTRONIC INSTRUMENTS, CIAMPITTI TONY J sold 46,476 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 134.48, for a total value of 6,249,934. As the sale deal closes, the Director, AMATO THOMAS A now sold 1,130 shares of the company’s stock, valued at 154,344. Also, CHIEF ADMINISTRATIVE OFFICER, Oscher Ronald J sold 13,000 shares of the company’s stock in a deal that was recorded on Mar 29. The shares were price at an average price of 126.77 per share, with a total market value of 1,648,065. Following this completion of acquisition, the PRES. – ELECTRONIC INSTRUMENTS, Marecic Thomas C now holds 19,240 shares of the company’s stock, valued at 2,418,548. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
11 out of 18 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on AMETEK Inc.. 0 analysts has assigned a Sell rating on the AME stock. The 12-month mean consensus price target for the company’s shares has been set at $149.70.
