PS Business Parks Inc. (PSB) Breaks into New 52-Week High on November 08 Session

Equities Staff  |

Shares of PS Business Parks Inc. (PSB) broke into a new 52-week high yesterday, hitting a peak of $138.93. Shares closed at $138.92 after opening at $136.56 for a move of 1.34%. The company now has a market cap of $3.8 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For PS Business Parks Inc., the new 52-week high came on volume of 84,161. The stock has a float of 27.35 million shares and average daily volume of $85,003. It has a 50-day SMA of $127.94 and a 200-day SMA of $120.83.

PS Business Parks Inc. now has a P/E ratio of 23.1.

For a complete fundamental analysis analysis of PS Business Parks Inc., check out Equities.com’s Stock Valuation Analysis report for PSB.

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PS Business Parks Inc is a fully-integrated, self-advised and self-managed real estate investment trust. The company owns, operates, acquires and develops commercial properties, including multi-tenant flex, office and industrial space.

PS Business Parks Inc. is based out of Glendale, CA and has some 158 employees. Its CEO is Maria R. Hawthorne.

PS Business Parks Inc. is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

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