AMERISAFE Inc. (AMSF) Moves Higher on Volume Spike for October 25

Equities Staff  |

AMERISAFE Inc. (AMSF) traded on unusually high volume on Oct. 25, as the stock gained 7.71% to close at $66.95. On the day, AMERISAFE Inc. saw 225,432 shares trade hands on 2,172 trades. Considering that the stock averages only a daily volume of 69,628 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 $67.82 and $52.00 over the last 52-weeks, its 50-day SMA is now $62.81, and its 200-day SMA $59.58. AMERISAFE Inc. has a P/B ratio of 2.9. It also has a P/E ratio of 23.8.

AMERISAFE Inc is a specialty provider of workers' compensation insurance to employers engaged in hazardous industries, mainly construction, trucking, manufacturing, oil and gas and agriculture.

Headquartered in DeRidder, LA, AMERISAFE Inc. has 438 employees and is currently under the leadership of CEO G. Janelle Frost.

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

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