MicroChip Technology Inc. (MCHP) is Trading Higher on Unusual Volume for January 19

Equities Staff  |

MicroChip Technology Inc. (MCHP) experienced unusually high volume on Jan. 19, as the stock gained 2.12% to a closing price of $41.38. The stock saw 4.05 million shares trade hands over the course of the day on 30,343 trades. Given that the stock’s average daily volume over the last month has been 2.33 million shares a day, this represents a pretty substantial spike over the norm.

MicroChip Technology Inc. has a P/B ratio of 3.95. It also has a P/E ratio of 23.3. The stock has traded between $52.44 and $37.77 over the last 52-weeks, its 50-day SMA is now $46.00, and its 200-day SMA $45.45.

Microchip Technology Inc develops, manufactures and sells semiconductor products used for a variety of embedded control applications. It also provides license Flash-IP solutions that are incorporated.

Headquartered in Chandler, AZ, MicroChip Technology Inc. has 9,449 employees and is currently under the leadership of CEO Steve Sanghi.

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


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

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