Minerals Technologies Inc. (MTX) Moves Higher on Volume Spike for January 15

Equities Staff  |

Minerals Technologies Inc. (MTX) traded on unusually high volume on Jan. 15, as the stock gained 2.16% to close at $75.80. On the day, Minerals Technologies Inc. saw 296,160 shares trade hands on 2,500 trades. Considering that the stock averages only a daily volume of 196,877 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 $83.85 and $62.55 over the last 52-weeks, its 50-day SMA is now $70.48, and its 200-day SMA $71.39. Minerals Technologies Inc. has a P/B ratio of 2.28. It also has a P/E ratio of 17.3.

Minerals Technologies Inc mines, produces, and sells mineral-based products. The company operates in five segments namely Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services segment.

Headquartered in New York, NY, Minerals Technologies Inc. has 3,583 employees and is currently under the leadership of CEO Douglas T. Dietrich.

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

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