Preformed Line Products Co [NASDAQ: PLPC] gained 1.94% or 2.63 points to close at $138.26 with a heavy trading volume of 118199 shares.
The daily chart for PLPC points out that the company has recorded 4.00% gains over the past six months.
If we look at the average trading volume of 24.03K shares, PLPC reached to a volume of 118199 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Preformed Line Products Co [PLPC]:
The Average True Range (ATR) for Preformed Line Products Co is set at 4.01, with the Price to Sales ratio for PLPC stock in the period of the last 12 months amounting to 1.14. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 11.10. Price to Free Cash Flow for PLPC in the course of the last twelve months was 14.96 with Quick ratio for the last quarter at 1.81.
Trading performance analysis for PLPC stock
Preformed Line Products Co [PLPC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.04. With this latest performance, PLPC shares dropped by -0.17% in over the last four-week period, additionally plugging by 4.00% over the last 6 months – not to mention a rise of 4.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLPC stock in for the last two-week period is set at 51.74, with the RSI for the last a single of trading hit 53.31, and the three-weeks RSI is set at 51.11 for Preformed Line Products Co [PLPC]. The present Moving Average for the last 50 days of trading for this stock 139.57, while it was recorded at 137.22 for the last single week of trading, and 131.04 for the last 200 days.
Preformed Line Products Co [PLPC]: A deeper dive into fundamental analysis
Preformed Line Products Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.81 and a Current Ratio set at 3.08.
An analysis of Institutional ownership at Preformed Line Products Co [PLPC]
There are presently around $48.34%, or 98.83%% of PLPC stock, in the hands of institutional investors. The top three institutional holders of PLPC stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 0.37 million shares, which is approximately 7.5566%. ROYCE & ASSOCIATES LP, holding 0.31 million shares of the stock with an approximate value of $$38.57 million in PLPC stocks shares; and ROYCE & ASSOCIATES LP, currently with $$21.81 million in PLPC stock with ownership which is approximately 3.5625%.
