Lannett Co Inc (LCI) Moves Lower on Volume Spike for February 09

Equities Staff |

Lannett Co Inc (LCI) traded on unusually high volume on Feb. 09, as the stock lost 0.55% to close at $17.95. On the day, Lannett Co Inc saw 1.25 million shares trade hands on 5,879 trades. Considering that the stock averages only a daily volume of 725,095 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 $30.35 and $14.90 over the last 52-weeks, its 50-day SMA is now $24.66, and its 200-day SMA $21.44. Lannett Co Inc has a P/B ratio of 1.17. It also has a P/E ratio of 16.1.

Lannett Co Inc develops, manufactures, packages, markets and distributes generic versions of branded pharmaceutical products. Its products include solid oral dosage forms, including oral solutions, nasal, topicals or parentarels.

Headquartered in Philadelphia, PA, Lannett Co Inc has 1,126 employees and is currently under the leadership of CEO Timothy Crew.

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

Want to invest with the experts? Subscribe to Equities Premium newsletters today! Visit http://www.equitiespremium.com/ to learn more about Guild Investment’s Market Commentary and Adam Sarhan’s Find Leading Stocks today.

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



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

GTX Corp

GTX Corp, along with its subsidiaries, is engaged in design, development, manufacturing, distribution and sales of products and services in the GPS and BLE wearable technology personal location and wandering…