Valhi Inc. (VHI) traded on unusually high volume on Jan. 17, as the stock gained 8.64% to close at $3.52. On the day, Valhi Inc. saw 804,649 shares trade hands on 3,850 trades. Considering that the stock averages only a daily volume of 251,918 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 $9.24 and $1.63 over the last 52-weeks, its 50-day SMA is now $2.07, and its 200-day SMA $4.24. Valhi Inc. has a P/B ratio of -70.4. It also has a P/E ratio of 2.9.
Valhi Inc is a holding company that provides chemicals, security products, waste management systems and real estate development and management through its subsidiaries. It operates its business in three segments, which are Chemicals, Component Products, and Real Estate Management and Development. Through its segments the company produces and markets titanium dioxide pigments which generate the majority of the company revenues; manufactures security products; processes, treats, stores and disposes of radioactive and toxic waste; and provides real estate management services. Valhi has business operations spread across the world.
Headquartered in Dallas, TX, Valhi Inc. has 2,245 employees and is currently under the leadership of CEO Robert D. Graham.