Home / Industrial Goods / Industrial Goods Firm American Electric Technologies Inc. (AETI) Gives Back 6.16% in AM Trading on September 22

Industrial Goods Firm American Electric Technologies Inc. (AETI) Gives Back 6.16% in AM Trading on September 22

American Electric Technologies Inc. (AETI) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the industrial goods sector halfway through the trading day. At the lunch break, shares of AETI have fallen 6.16% to $2.44 after closing the day prior at $2.6. So far, the stock has traded as high as $2.58 and as low as $2.42. Today’s decline has come with about 5,759 shares changing hands, compared to an average 30-day volume of 104,090 for American Electric Technologies Inc.. The price is currently below the 30-day volume weighted average price of $2.51 for AETI.

The share depreciation gives the company a market capitalization of $21.66 million based upon 8.33 million shares outstanding. It also means that AETI has a price-to-book ratio of 1.39:1.

In the past 52 weeks, shares of AETI have traded as low as $1.76 and as high as $5.15. Technical traders will take note that at $2.44, shares of AETI are trading below their 200-day MA at $2.54 and below their 50-day MA at $2.74. 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 below them is typically regarded as bearish.

Who is AETI?

American Electric Technologies Inc is a provider of power delivery solutions to the energy industry. The Company's business segments are Technical Products and Services and the Electrical Instrumentation Construction. The company’s 235 employees are led by CEO Charles M. Dauber from the corporate headquarters at 1250 Wood Branch Park Drive in Houston, TX.

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