Eaton Corporation PLC (ETN) Moves Lower on Volume Spike for March 15

Equities Staff  |

Eaton Corporation PLC (ETN) traded on unusually high volume on Mar. 15, as the stock lost 0.51% to close at $80.58. On the day, Eaton Corporation PLC saw 4.83 million shares trade hands on 24,301 trades. Considering that the stock averages only a daily volume of 2.71 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $89.46 and $64.46 over the last 52-weeks, its 50-day SMA is now $74.74, and its 200-day SMA $76.39. Eaton Corporation PLC has a P/B ratio of 2.12. It also has a P/E ratio of 16.4.

Eaton Corp PLC is a diversified power management company operating for over 100 years. The company operates through various segments, including Electrical Products and Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and most recently, eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its Industrial Sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, trucks, and construction markets, among others. The other portion is Eaton's Electrical Sector Portfolio, which was strengthened with its acquisition of Cooper Industries in 2012. While the company receives favorable tax treatment as a domiciliary of Ireland, most of its operations take place in the United States.

Headquartered in Dublin, , Eaton Corporation PLC has 99,000 employees and is currently under the leadership of CEO Craig Arnold.

For a complete fundamental analysis analysis of Eaton Corporation PLC, check out Equities.com’s Stock Valuation Analysis report for ETN.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

To get more information on Eaton Corporation PLC and to follow the company’s latest updates, you can visit the company’s profile page here: ETN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

Blockchain in Healthcare - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Digital Health - How Blockchain technology can make health care systems more patient-centric and sustainable