Drew Industries Inc. (DW) is Trading Lower on Unusual Volume for January 18

Equities Staff |

Drew Industries Inc. (DW) experienced unusually high volume on Jan. 18, as the stock lost 0.92% to a closing price of $52.85. The stock saw 286,232 shares trade hands over the course of the day on 2,503 trades. Given that the stock’s average daily volume over the last month has been 142,071 shares a day, this represents a pretty substantial spike over the norm.

Drew Industries Inc. has a P/B ratio of 3.06. It also has a P/E ratio of 18.5. The stock has traded between $65.21 and $48.17 over the last 52-weeks, its 50-day SMA is now $58.87, and its 200-day SMA $58.28.

Drew Industries Inc, through its wholly-owned subsidiaries, supplies a full line of components for the manufacturers of recreational vehicles & manufactured homes. It also provides buses; trailers used to haul boats, livestock, equipment and other cargo.

Headquartered in Elkhart, IN, Drew Industries Inc. has 5,845 employees and is currently under the leadership of CEO Jason D. Lippert.

For a complete fundamental analysis analysis of Drew Industries Inc., check out Equities.com’s Stock Valuation Analysis report for DW. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Broadway Gold Mining Ltd.

Broadway Gold Mining Ltd is engaged in the exploration of mineral resources. The Company owns a 100% interest in the Madison Gold and Copper Mine located in Southwestern Montana.

Private Markets

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…