Baker Hughes Incorporated (BHI) Boosts Basic Materials Sector with Early Advance of 5.06% on October 28
Baker Hughes Incorporated (BHI" target="_new">BHI) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on October 28. Shares of BHI" target="_new">BHI have climbed 5.06% about 30 minutes into the session to $57.31 after closing the day prior at $54.55. It’s early, but the stock has traded as high as $57.72 and as low as $57.15 so far. Today's quick advance has come with about 1.97 million shares changing hands, compared to an average 30-day volume of 3.84 million for Baker Hughes Incorporated. The price is currently below the 30-day volume weighted average price of $57.43 for BHI" target="_new">BHI.
The share appreciation gives the company a market capitalization of $23.06 billion based upon 422.79 million shares outstanding. It also means that BHI has a price-to-book ratio of 1.75:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of BHI" target="_new">BHI have traded as low as $37.58 and as high as $57.37. Technical traders will take note that at $57.31, shares of BHI" target="_new">BHI are trading above their 200-day MA at $46.12 and above their 50-day MA at $50.9. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is BHI?
Baker Hughes Inc operates in the oilfield services industry. It provides products and services for drilling and evaluation of oil and gas wells, completion and production of oil and gas wells, fluids and chemicals and reservoir technology. The company’s 34000 employees are led by CEO Martin S. Craighead from the corporate headquarters at 2929 Allen Parkway.
For more information on BHI and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.
About FinancialPress.com
FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com
Source: Financial Press News
(October 28, 2016 - 3:54 PM EDT)
News by QuoteMedia
www.quotemedia.com