Brady Corp. (BRC) Sees Unusually-High Trading Volume
Brady Corp. (NYSE:BRC) shares saw unusually-high trading volume on Tuesday . Approximately 155,482 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 137,133 shares.The stock last traded at $33.59 and had previously closed at $33.85.
Separately, Zacks Investment Research raised Brady Corp. from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Monday, May 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.60.
The company has a market cap of $1.70 billion and a PE ratio of 110.29. The company’s 50 day moving average price is $32.47 and its 200-day moving average price is $29.32.
In other news, VP Paul Meyer sold 9,851 shares of Brady Corp. stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $32.42, for a total value of $319,369.42. Following the transaction, the vice president now owns 3,356 shares in the company, valued at $108,801.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels, including direct sales, catalog marketing and digital.
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