NIC Inc. (EGOV) Moves Lower on Volume Spike for March 09

Equities Staff  |

NIC Inc. (EGOV) traded on unusually high volume on Mar. 09, as the stock lost 4.91% to close at $13.55. On the day, NIC Inc. saw 1.37 million shares trade hands on 9,284 trades. Considering that the stock averages only a daily volume of 897,403 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 $22.40 and $12.65 over the last 52-weeks, its 50-day SMA is now $15.22, and its 200-day SMA $16.77. NIC Inc. has a P/B ratio of 5.34. It also has a P/E ratio of 18.5.

NIC Inc provides eGovernment services, which helps government use the Internet to reduce internal costs, increase efficiencies and provides services to businesses and citizens.

Headquartered in Olathe, KS, NIC Inc. has 950 employees and is currently under the leadership of CEO Harry H. Herington.

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

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