Armstrong Flooring Inc. (AFI) traded on strangely high volume on Feb. 26, because the stock gained 2.Seventy three% to shut at $15.03. On the day, Armstrong Flooring Inc. Noticed 158,281 shares exchange arms on 1,113 trades. Considering that the stock averages best a daily volume of 91,620 stocks an afternoon over the past month, this represents a quite tremendous bump in quantity over the norm.
Generally speaking, whilst a stock reviews a sudden spike in trading quantity, it can be visible as a bullish sign for traders. An increase in volume means greater marketplace awareness for the company, potentially putting in place a extra meaningful flow in inventory charge. The brought volume also gives a stage of guide and stability for price advances.
The stock has traded among $20.Forty six and $11.39 over the last 52-weeks, its 50-day SMA is now $thirteen.32, and its two hundred-day SMA $14.96. Armstrong Flooring Inc. Has a P/B ratio of zero.7.
Armstrong Flooring Inc designs, manufactures, sources, and sells resilient and wooden flooring products, which can be frequently used for creation and maintenance of residential, business, and institutional homes. It operates thru two segments namely Resilient Flooring and Wood Flooring. The Resilient Flooring presents more than a few floor coverings usually for houses and commercial homes under the Armstrong logo and the Wood Flooring section offers hardwood floors merchandise under the Armstrong and Bruce emblem names. Geographically, the organization operates it business thru United States and additionally has its presence internationally. Armstrong derives majority of sales thru sale of products.
Headquartered in Lancaster, PA, Armstrong Flooring Inc. Has three,500 employees and is currently underneath the leadership of CEO .