PNM Resources Inc. (Holding Co.) (PNM) Settles Into New 52-Week Low on February 06 Session

Equities Staff  |

Shares of PNM Resources Inc. (Holding Co.) (PNM) sank into a new 52-week low yesterday, and could be a company to watch at the open. The company’s stock fell to as low as $34.15 yesterday after opening at $35.00. By the closing bell, the company's stock was at $34.65 a share for a loss of 2.12%.

While no company wants to see their stocks fall into a new 52-week low, opportune investors may have reason to celebrate. Bullish investors with a healthy tolerance for risk may view this as a chance to buy stocks as distressed prices before a bounce back. With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. Investors bearish on the stock might see the stock reaching its lowest price in a year as a sign of growing downward momentum and take it as a good reason to sell their shares. Bulls, though, could likely see a new 52-week low as the stock hitting its low point and anticipate a recovery in the share price.

PNM Resources Inc. (Holding Co.) saw 1.06 million shares of its stock trade hands, that's out of 79.65 million shares outstand. The stock has an average daily volume of 733,871 shares. After hitting a new 52-week low, PNM Resources Inc. (Holding Co.) enters the new trading day with a market cap of 2.76 billion, a 50-day SMA of $40.48 and a 200-day SMA of $39.82

PNM Resources Inc. (Holding Co.) now has a P/E ratio of 17.8.

For a complete fundamental analysis analysis of PNM Resources Inc. (Holding Co.), check out Equities.com’s Stock Valuation Analysis report for PNM.

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PNM Resources Inc is an investor-owned holding company which owns regulated utilities providing electricity and electric services in New Mexico and Texas. It provides electric generation, transmission, and distribution services.

PNM Resources Inc. (Holding Co.) has 1,814 employees, is led by CEO Patricia K. Collawn, and makes its home in Albuquerque, NM.

PNM Resources Inc. (Holding Co.) is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets. The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).

To get more information on PNM Resources Inc. (Holding Co.) and to follow the company’s latest updates, you can visit the company’s profile page here: PNM’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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