Balchem Corporation (BCPC) Moves Higher on Volume Spike for April 03
Balchem Corporation (BCPC) traded on unusually high volume on Apr. 03, as the stock gained 0.77% to close at $81.32. On the day, Balchem Corporation saw 173,439 shares trade hands on 1,881 trades. Considering that the stock averages only a daily volume of 106,125 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 $88.47 and $70.23 over the last 52-weeks, its 50-day SMA is now $78.23, and its 200-day SMA $79.27. Balchem Corporation has a P/B ratio of 4.22. It also has a P/E ratio of 28.9.
Balchem Corp is a chemical manufacturer. It develops and sells chemical based ingredients for the food and pharmaceutical industries.
Headquartered in New Hampton, NY, Balchem Corporation has 1,165 employees and is currently under the leadership of CEO Theodore L. Harris.
For a complete fundamental analysis analysis of Balchem Corporation, check out Equities.com’s Stock Valuation Analysis report for BCPC.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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