Brady Corp (BRC) Sees Unusually-High Trading Volume
Shares of Brady Corp (NYSE:BRC) saw strong trading volume on Tuesday . 155,482 shares changed hands during 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 cut Brady Corp from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.60.
The company has a market cap of $1.68 billion and a P/E ratio of 108.99. The stock’s 50 day moving average price is $32.51 and its 200-day moving average price is $29.35.
In other Brady Corp news, VP Paul Meyer sold 9,851 shares of Brady Corp stock in a transaction that occurred on 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 directly owns 3,356 shares of the company’s stock, valued at approximately $108,801.52. The sale was disclosed in a document filed with the SEC, which is accessible 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.