Phibro Animal Health Corporation (PAHC) Moves Higher on Volume Spike for August 27

Equities Staff  |

Phibro Animal Health Corporation (PAHC) traded on unusually high volume on Aug. 27, as the stock gained 5.42% to close at $53.50. On the day, Phibro Animal Health Corporation saw 417,265 shares trade hands on 3,667 trades. Considering that the stock averages only a daily volume of 101,498 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 $51.09 and $32.05 over the last 52-weeks, its 50-day SMA is now $48.20, and its 200-day SMA $40.95. Phibro Animal Health Corporation has a P/B ratio of 11.63. It also has a P/E ratio of 35.5.

Phibro Animal Health Corp is a diversified animal health and mineral nutrition company. It develops, manufactures and markets products for food animals including poultry, swine and cattle.

Headquartered in Teaneck, NJ, Phibro Animal Health Corporation has 1,400 employees and is currently under the leadership of CEO Jack Clifford Bendheim.

For a complete fundamental analysis analysis of Phibro Animal Health Corporation, check out Equities.com’s Stock Valuation Analysis report for PAHC.

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To get more information on Phibro Animal Health Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: PAHC’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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