LMI Aerospace Inc. (LMIA) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on September 22. At the lunch break, shares of LMIA have jumped 3.03% to $7.49 after closing the day prior at $7.27. In the first two and a half hours of trading, the stock has gone as high as $7.5 and as low as $7.24. Today’s rise has come with about 10,429 shares changing hands, compared to an average 30-day volume of 44,928 for LMI Aerospace Inc.. The price is currently below the 30-day volume weighted average price of $7.43 for LMIA.
The share appreciation gives the company a market capitalization of $98.49 million based upon 13.55 million shares outstanding. It also means that LMIA has a price-to-book ratio of 1.12:1.
In the past 52 weeks, shares of LMIA have traded as low as $7.03 and as high as $11.34. Technical traders will take note that at $7.49, shares of LMIA are trading below their 200-day MA at $8.62 and below their 50-day MA at $7.52. 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 LMIA?
LMI Aerospace Inc is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company's business segments are Aerostructures and Engineering Services. The company’s 1945 employees are led by CEO Daniel G. Korte from the corporate headquarters at 411 Fountain Lakes Boulevard in St. Charles, MO.
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