American Axle & Manufacturing Holdings Inc. (AXL) Jumps 22.47% on February 15

Equities Staff |

American Axle & Manufacturing Holdings Inc. (AXL) was among the biggest gainers on the Russell 2000 for Monday February 15 as the stock popped 22.47% to $14.39, representing a gain of $2.64 per share. Some 4.74 million shares traded hands on 29,859 trades, compared with an average daily volume of 1.5 million shares out of a total float of 76.05 million. The stock opened at $13.57 and traded with an intraday range of $14.55 to $12.31.

After today's gains, American Axle & Manufacturing Holdings Inc. reached a market cap of $1.09 billion. American Axle & Manufacturing Holdings Inc. has had a trading range between $26.21 and $11.44 over the last year, and it had a 50-day SMA of $16.59 and a 200-day SMA of $20.30.

The stock has a P/E Ratio of 4.9.

American Axle & Mfg Holdings Inc manufactures, engineers, designs & validates driveline & drivetrain systems & related components & chassis modules for light trucks, sport utility vehicles, passenger cars, crossover vehicles & commercial vehicles.

American Axle & Manufacturing Holdings Inc. is based out of Detroit, MI and has some 12,820 employees. Its CEO is David C. Dauch.

For a complete fundamental analysis analysis of American Axle & Manufacturing Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for AXL. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

Emerging Growth

Altair Resources Inc.

Altair Resources Inc, formerly Altair Gold Inc acquires, explores and develops mineral properties in Canada. The Company is in the process of exploring its mineral properties.

Private Markets

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…