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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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To get more information on Balchem Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: BCPC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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