MDU Resources Group Inc. (MDU) Moves Higher on Volume Spike for June 16

Equities Staff |

MDU Resources Group Inc. (MDU) traded on unusually high volume on Jun. 16, as the stock gained 1.74% to close at $27.50. On the day, MDU Resources Group Inc. saw 1.57 million shares trade hands on 6,187 trades. Considering that the stock averages only a daily volume of 617,535 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 $29.92 and $22.47 over the last 52-weeks, its 50-day SMA is now $26.68, and its 200-day SMA $26.48. MDU Resources Group Inc. has a P/B ratio of 2.34. It also has a P/E ratio of 69.3.

MDU Resources Group Inc operates as a diversified natural resource company. The Company mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, cement, asphalt, and liquid asphalt.

Headquartered in Bismarck, ND, MDU Resources Group Inc. has 9,598 employees and is currently under the leadership of CEO David L. Goodin.

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

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