American Software Inc. Class A Common Stock (AMSWA) Moves Lower on Volume Spike for March 15

Equities Staff  |

American Software Inc. Class A Common Stock (AMSWA) traded on unusually high volume on Mar. 15, as the stock lost 3.48% to close at $12.77. On the day, American Software Inc. Class A Common Stock saw 199,626 shares trade hands on 1,111 trades. Considering that the stock averages only a daily volume of 58,815 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 $13.69 and $9.00 over the last 52-weeks, its 50-day SMA is now $12.50, and its 200-day SMA $11.28. American Software Inc. Class A Common Stock has a P/B ratio of 3.45. It also has a P/E ratio of 19.2.

American Software Inc develops enterprise management and supply chain related software and services. Its solutions consist of global sourcing, workflow management, customer service applications, and ERP solutions.

Headquartered in Atlanta, GA, American Software Inc. Class A Common Stock has 390 employees and is currently under the leadership of CEO James C. Edenfield.

For a complete fundamental analysis analysis of American Software Inc. Class A Common Stock, check out Equities.com’s Stock Valuation Analysis report for AMSWA.

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To get more information on American Software Inc. Class A Common Stock and to follow the company’s latest updates, you can visit the company’s profile page here: AMSWA’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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