Polaris Industries Inc. (PII) Moves Higher on Volume Spike for March 04

Equities Staff  |

Polaris Industries Inc. (PII) traded on unusually high volume on Mar. 04, as the stock gained 3.91% to close at $90.84. On the day, Polaris Industries Inc. saw 1.53 million shares trade hands on 14,970 trades. Considering that the stock averages only a daily volume of 755,408 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 $131.25 and $70.27 over the last 52-weeks, its 50-day SMA is now $82.55, and its 200-day SMA $99.33. Polaris Industries Inc. has a P/B ratio of 6.39. It also has a P/E ratio of 16.7.

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, small vehicles, and on-road vehicles, including motorcycles and low-emission vehicles, along with the related replacement parts, garments, and accessories. The firm recently moved into the boat market with the acquisition on Boat Holdings in the second half of 2018 (and the tie up with Larson in 2019), offering exposure to a new segment of the outdoor lifestyle market. Polaris products retailed through 2,250 dealers in North America and through 1,400 international dealers as well as 31 subsidiaries and 85 distributors in more than 100 countries outside North America at the end of 2018.

Headquartered in Medina, MN, Polaris Industries Inc. has 12,000 employees and is currently under the leadership of CEO Scott W. Wine.

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

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