Beacon Roofing Supply Inc. (BECN) Breaks into New 52-Week High on February 24 Session

Equities Staff  |

Shares of Beacon Roofing Supply Inc. (BECN) broke into a new 52-week high yesterday, hitting a peak of $49.00. Shares closed at $48.99 after opening at $46.88 for a move of 4.32%. The company now has a market cap of $3.4 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For Beacon Roofing Supply Inc., the new 52-week high came on volume of 438,663. The stock has a float of 69.41 million shares and average daily volume of $n/a. It has a 50-day SMA of $n/a and a 200-day SMA of $n/a.

For a complete fundamental analysis analysis of Beacon Roofing Supply Inc., check out Equities.com’s Stock Valuation Analysis report for BECN.

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Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.

Beacon Roofing Supply Inc. is based out of Herndon, VA and has some 7,582 employees. Its CEO is Julian G. Francis.

Beacon Roofing Supply Inc. is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

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