Standex International Corp. (SXI) Sees Strong Trading Volume
Standex International Corp. (NYSE:SXI) saw strong trading volume on Thursday . 73,867 shares were traded during trading, an increase of 15% from the previous session’s volume of 64,310 shares.The stock last traded at $89.04 and had previously closed at $88.84.
Separately, Zacks Investment Research lowered shares of Standex International Corp. from a “hold” rating to a “sell” rating in a report on Saturday, May 7th.
The stock has a 50 day moving average price of $87.40 and a 200-day moving average price of $80.40. The firm has a market capitalization of $1.15 billion and a PE ratio of 20.46.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Monday, August 8th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, August 4th.
In related news, Director William R. Fenoglio sold 1,189 shares of Standex International Corp. stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $87.96, for a total transaction of $104,584.44. Following the transaction, the director now directly owns 14,484 shares of the company’s stock, valued at $1,274,012.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
An institutional investor recently raised its position in Standex International Corp. stock. Rhumbline Advisers boosted its position in Standex International Corp. (NYSE:SXI) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,852 shares of the company’s stock after buying an additional 320 shares during the period. Rhumbline Advisers owned about 0.14% of Standex International Corp. worth $1,484,000 at the end of the most recent reporting period.
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.
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