Timken Company (The) (TKR) Moves Higher on Volume Spike for April 25
26 Apr,2018
Timken Company (The) (TKR) traded on unusually high volume on Apr. 25, as the stock gained 0.57% to close at $43.85. On the day, Timken Company (The) saw 1.53 million shares trade hands on 13,323 trades. Considering that the stock averages only a daily volume of 749,939 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 $55.65 and $41.85 over the last 52-weeks, its 50-day SMA is now $45.44, and its 200-day SMA $47.02. Timken Company (The) has a P/B ratio of 2.37. It also has a P/E ratio of 17.
The Timken Co engineers, manufactures and markets bearings, transmissions, gearboxes, chain, and related products under Timken brand, and offers a spectrum of power system rebuild and repair services around the world.
