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’s Stock Valuation Analysis report for ETN.

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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’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.

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