Neenah Inc. (NP) Moves Lower on Volume Spike for February 12

Equities Staff  |

Neenah Inc. (NP) traded on unusually high volume on Feb. 12, as the stock lost 1.34% to close at $68.38. On the day, Neenah Inc. saw 148,756 shares trade hands on 2,092 trades. Considering that the stock averages only a daily volume of 83,889 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 $96.15 and $56.80 over the last 52-weeks, its 50-day SMA is now $65.35, and its 200-day SMA $78.72. Neenah Inc. has a P/B ratio of 2.89. It also has a P/E ratio of 27.9.

Neenah Inc produces and sells a variety of paper and performance-based technical products in two segments based on product type. The fine paper and packaging segment, which generates the majority of revenue, sells paper for writing, specialty paper, and envelopes used in corporate-branded paper materials, labels, and packaging. The technical products segment sells filtration products used to filter air, fuel, water, and oil in automobiles. The segment also sells specialty backings to produce finished pressure sensitive products for automobiles, construction, and home improvement retailers. The majority of sales come from the United States.

Headquartered in Alpharetta, GA, Neenah Inc. has 2,612 employees and is currently under the leadership of CEO .

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

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