AMTEK, Inc. stock performance trend indicates that the stock price has rallied 9.83% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 13.67% . Looking at the past 52 week period, the stock price is up at 8.27% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of AMTEK, Inc. has a positive value of 6.26 compared to overall market.AMETEK, Inc. is having a Relative Strength Index of 56.08 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of AMTEK, Inc. (NYSE:AME) rallied by 1.29% during the past week but lost 0.35% on a 4-week basis. The company has outperformed the S&P 500 by 1.05% in the past week but underperformed the index by 1.48% in the last 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. AMTEK, Inc. (NYSE:AME) : On Friday heightened volatility was witnessed in AMTEK, Inc. (NYSE:AME) which led to swings in the share price. The stock opened for trading at $54.33 and hit $54.4 on the upside , eventually ending the session at $54.31, with a gain of 0.39% or 0.21 points. The heightened volatility saw the trading volume jump to 1,814,363 shares. The 52-week high of the share price is $55.48 and the company has a market cap of $12,463 million. The 52-week low of the share price is at $43.28 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.AMETEK was Upgraded by Atlantic Equities on Feb 15, 2017 to Overweight, Price Target of the shares are set at $62.Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2017 to Outperform, Raises Price Target to $ 60 from a previous price target of $57 .Company shares were Upgraded by Robert W. Baird on Dec 22, 2016 to Outperform, Raises Price Target to $ 57 from a previous price target of $47 .
Company has reported several Insider transactions to the SEC, on Feb 23, 2017, William Joseph Burke (Executive VP – CFO & Treasurer) sold 14,483 shares at 55.26 per share price.On Feb 22, 2017, Dennis K Williams (director) sold 7,582 shares at 55.07 per share price.On Feb 15, 2017, David A Zapico (CHIEF EXECUTIVE OFFICER) sold 30,000 shares at 53.37 per share price.
AMETEK Last issued its quarterly earnings results on Feb 7, 2017. The company reported $0.58 EPS for the quarter. Analyst had a consensus estimate of $0.58. The company had revenue of $973.00 million for the quarter, compared to analysts expectations of $969.84 million. The companys revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.
AMETEK is a leading global manufacturer of electric motors and electronic instruments. The company markets its products worldwide through two operating groups, the Electronic Instruments Group and the Electromechanical Group. EIG builds technologically advanced monitoring, sensing, calibration, and display devices for the aerospace, heavy vehicle and process industries. EMG manufactures air-moving electric motors for vacuum cleaners and other floor-care products, and produces of brushless air-moving motors for aerospace, mass-transit, and computer markets.