KBR Inc. (KBR) Moves Lower on Volume Spike for January 11

Equities Staff  |

KBR Inc. (KBR) traded on unusually high volume on Jan. 11, as the stock lost 1.54% to close at $17.23. On the day, KBR Inc. saw 4.08 million shares trade hands on 23,767 trades. Considering that the stock averages only a daily volume of 2.46 million 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 $22.22 and $13.90 over the last 52-weeks, its 50-day SMA is now $17.82, and its 200-day SMA $18.39. KBR Inc. has a P/B ratio of 1.48. It also has a P/E ratio of 4.8.

Engineering and construction firm KBR (formerly Kellogg, Brown & Root) is a global provider of differentiated professional services and technologies across the asset and program life cycle in the government services and hydrocarbons sectors. KBR serves customers in more than 80 countries with operations in 40 countries. KBR generated 2017 revenue of $4.2 billion and operating income of $266 million, and it employs 34,000 globally including joint ventures.

Headquartered in Houston, TX, KBR Inc. has 20,000 employees and is currently under the leadership of CEO Stuart J. B. Bradie.

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

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