Financial stocks listed on the New York Stock Exchange or NASDAQ have gotten some tailwinds from CyrusOne Inc (CONE), as one of the best performers in the sector during morning trading on September 22. At the lunch break, shares of CONE have advanced 3.48% to $49.77 after closing the day prior at $48.1. In morning action, the stock has moved as high as $49.78 and as low as $48.5. Today’s rise has come with about 302,338 shares changing hands, compared to an average 30-day volume of 1.18 million for CyrusOne Inc. The price is currently below the 30-day volume weighted average price of $49.07 for CONE.
The share appreciation gives the company a market capitalization of $3.85 billion based upon 80.1 million shares outstanding. It also means that CONE has a price-to-book ratio of 3.76:1.
In the past 52 weeks, shares of CONE have traded as low as $31.1 and as high as $57.0. Technical traders will take note that at $49.77, shares of CONE are trading above their 200-day MA at $44.85 and below their 50-day MA at $51.66. 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 CONE?
CyrusOne Inc is an owner, operator and developer of enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure. The company’s 400 employees are led by CEO Gary J. Wojtaszek from the corporate headquarters at 1649 West Frankford Road in Carrollton, TX.
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