ADTRAN Inc. (ADTN) Moves Lower on Volume Spike for May 18

Equities Staff |

ADTRAN Inc. (ADTN) traded on unusually high volume on May. 18, as the stock lost 2.76% to close at $19.35. On the day, ADTRAN Inc. saw 709,122 shares trade hands on 5,067 trades. Considering that the stock averages only a daily volume of 373,837 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 $23.75 and $17.06 over the last 52-weeks, its 50-day SMA is now $20.31, and its 200-day SMA $20.07. ADTRAN Inc. has a P/B ratio of 1.94. It also has a P/E ratio of 25.8.

Adtran Inc provides networking and communications equipment. Its solutions enable voice, data, video and Internet communications across a variety of network infrastructures.

Headquartered in Huntsville, AL, ADTRAN Inc. has 2,033 employees and is currently under the leadership of CEO Thomas R. Stanton.

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

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