Ollie's Bargain Outlet Holdings Inc. (OLLI) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 3.09% to wrap the day at $26.39 after closing the day prior at $25.6. Throughout the trading session, shares of OLLI rose as high as $26.41 and dipped as low as $25.57. Today’s advance came with about 916,546 shares changing hands, compared to an average 30-day volume of 1.07 million for Ollie's Bargain Outlet Holdings Inc.. The price is currently below the 30-day volume weighted average price of $26.09 for OLLI.
The share appreciation today gives the company a market capitalization of $1.54 billion based upon 60.23 million shares outstanding. It also means that OLLI has a price-to-book ratio of 2.55:1.
In the past 52 weeks, shares of OLLI have traded as low as $14.88 and as high as $28.72. Technical traders will take note that at $26.39, shares of OLLI are trading above their 200-day MA at $23.12 and above their 50-day MA at $26.26. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is OLLI?
Ollie's Bargain Outlet Holdings Inc is a retailer of brand name merchandise. It offers customers a selection of brand name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware at reduced prices. The company’s 5000 employees are led by CEO Mark Butler from the corporate headquarters at 6295 Allentown Boulevard in Harrisburg, PA.
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