Astec Industries Inc. (ASTE) Moves Higher on Volume Spike for March 16

Equities Staff  |

Astec Industries Inc. (ASTE) traded on unusually high volume on Mar. 16, as the stock gained 0.78% to close at $59.22. On the day, Astec Industries Inc. saw 266,183 shares trade hands on 1,779 trades. Considering that the stock averages only a daily volume of 170,909 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 $66.66 and $45.70 over the last 52-weeks, its 50-day SMA is now $60.98, and its 200-day SMA $54.85. Astec Industries Inc. has a P/B ratio of 1.99. It also has a P/E ratio of 36.3.

Astec Industries Inc designs, engineers, manufactures and markets equipment and components used in road building, utility and related construction activities as well as other products. It also serves the energy market by supplying various products.

Headquartered in Chattanooga, TN, Astec Industries Inc. has 1,712 employees and is currently under the leadership of CEO Benjamin G. Brock.

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

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