Armstrong Flooring Inc. (AFI) traded on unusually high volume on Mar. 05, as the stock lost 4.6% to close at $13.90. On the day, Armstrong Flooring Inc. saw 267,863 shares trade hands on 2,125 trades. Considering that the stock averages only a daily volume of 90,321 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 $20.46 and $11.39 over the last 52-weeks, its 50-day SMA is now $13.42, and its 200-day SMA $15.01. Armstrong Flooring Inc. has a P/B ratio of 0.65.
Armstrong Flooring Inc designs, manufactures, sources, and sells resilient and wood flooring products, which are primarily used for construction and renovation of residential, commercial, and institutional buildings. It operates through two segments namely Resilient Flooring and Wood Flooring. The Resilient Flooring provides a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand and the Wood Flooring segment provides hardwood flooring products under the Armstrong and Bruce brand names. Geographically, the group operates it business through United States and also has its presence internationally. Armstrong derives majority of revenue through sale of products.
Headquartered in Lancaster, PA, Armstrong Flooring Inc. has 3,500 employees and is currently under the leadership of CEO .
For a complete fundamental analysis analysis of Armstrong Flooring Inc., check out Equities.com’s Stock Valuation Analysis report for AFI.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.