Lydall Inc. (LDL) traded on unusually high volume on Feb. 15, as the stock gained 0.62% to close at $27.59. On the day, Lydall Inc. saw 180,645 shares trade hands on 1,753 trades. Considering that the stock averages only a daily volume of 107,124 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $50.30 and $18.47 over the last 52-weeks, its 50-day SMA is now $23.03, and its 200-day SMA $35.30. Lydall Inc. has a P/B ratio of 1.27. It also has a P/E ratio of 11.4.
Lydall Inc, through its subsidiaries, designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers, medical filtration media and devices. The company’s products are primarily sold directly to customers through an internal sales force and distributed via common carrier. Its reportable segments were Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals, and Thermal/Acoustical Fibers. It derives most of its revenues from the United States of America.
Headquartered in Manchester, CT, Lydall Inc. has 2,600 employees and is currently under the leadership of CEO Dale G. Barnhart.