WSI Industries Inc. (WSCI) 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 23. At the lunch break, shares of WSCI have jumped 3.25% to $3.49 after closing the day prior at $3.38. In the first two and a half hours of trading, the stock has gone as high as $3.49 and as low as $3.4. Today’s rise has come with about 5,002 shares changing hands, compared to an average 30-day volume of 7,424 for WSI Industries Inc.. The price is currently below the 30-day volume weighted average price of $3.4 for WSCI.
The share appreciation gives the company a market capitalization of $9.87 million based upon 2.92 million shares outstanding. It also means that WSCI has a price-to-book ratio of 0.71:1.
In the past 52 weeks, shares of WSCI have traded as low as $2.73 and as high as $5.599. Technical traders will take note that at $3.49, shares of WSCI are trading above their 200-day MA at $3.46 and above their 50-day MA at $3.33. 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 WSCI?
WSI Industries Inc is engaged in precision contract machining for the aerospace, communication and industrial markets. The Company offers machining work for aerospace, recreational powersports vehicles markets, energy industry, and automotive industry. The company’s 89 employees are led by CEO Benjamin Rashleger from the corporate headquarters at 213 Chelsea Road in Monticello, MN.
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