Erickson Incorporated (EAC) is one of the best performing stocks in the industrial goods sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of EAC have climbed 5.93% about 30 minutes into the session to $0.4 after closing the day prior at $0.38. It’s early, but the stock has traded as high as $0.4 and as low as $0.37 so far. Today’s quick advance has come with about 4,610 shares changing hands, compared to an average 30-day volume of 171,929 for Erickson Incorporated. The price is currently below the 30-day volume weighted average price of $0.39 for EAC.
The share appreciation gives the company a market capitalization of $5.25 million based upon 13.9 million shares outstanding. It also means that EAC has a price-to-book ratio of 0.21:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of EAC have traded as low as $0.3607 and as high as $3.56. Technical traders will take note that at $0.4, shares of EAC are trading below their 200-day MA at $1.25 and below their 50-day MA at $0.56. 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 EAC?
Erickson Inc owns and operates a diverse fleet of aircraft. The Company offers support & maintenance, repair, remanufacture and related overhaul services to Aircrane and other aircrafts. The company’s 819 employees are led by CEO Jeffrey G. Roberts from the corporate headquarters at 5550 South West Macadam Avenue.
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