Colfax Corporation (CFX) Moves Higher on Volume Spike for June 13

Equities Staff |

Colfax Corporation (CFX) traded on unusually high volume on Jun. 13, as the stock gained 1.71% to close at $40.94. On the day, Colfax Corporation saw 1.34 million shares trade hands on 7,401 trades. Considering that the stock averages only a daily volume of 836,887 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 $41.99 and $24.62 over the last 52-weeks, its 50-day SMA is now $39.83, and its 200-day SMA $36.38. Colfax Corporation has a P/B ratio of 1.67. It also has a P/E ratio of 34.4.

Colfax Corp is a diversified industrial manufacturing and engineering company. The Company provides gas-and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world.

Headquartered in Annapolis Junction, MD, Colfax Corporation has 16,000 employees and is currently under the leadership of CEO Matthew L. Trerotola.

For a complete fundamental analysis analysis of Colfax Corporation, check out Equities.com’s Stock Valuation Analysis report for CFX.

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To get more information on Colfax Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: CFX’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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