Meritor Inc. (MTOR) Moves Higher on Volume Spike for August 02

Equities Staff  |

Meritor Inc. (MTOR) traded on unusually high volume on Aug. 02, as the stock gained 6.18% to close at $18.20. On the day, Meritor Inc. saw 2.66 million shares trade hands on 17,358 trades. Considering that the stock averages only a daily volume of 772,038 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 $18.40 and $7.88 over the last 52-weeks, its 50-day SMA is now $16.59, and its 200-day SMA $14.98. Meritor Inc. has a P/B ratio of -9.89. It also has a P/E ratio of 2.8.

Meritor Inc is a supplier of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation and industrial sectors.

Headquartered in Troy, MI, Meritor Inc. has 8,000 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of Meritor Inc., check out Equities.com’s Stock Valuation Analysis report for MTOR.

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To get more information on Meritor Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MTOR’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.



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