P & F Industries Inc. (PFIN) 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 PFIN have jumped 4.36% to $8.62 after closing the day prior at $8.26. In the first two and a half hours of trading, the stock has gone as high as $8.62 and as low as $8.22. Today’s rise has come with about 4,729 shares changing hands, compared to an average 30-day volume of 10,284 for P & F Industries Inc.. The price is currently below the 30-day volume weighted average price of $8.33 for PFIN.
The share appreciation gives the company a market capitalization of $29.72 million based upon 3.6 million shares outstanding. It also means that PFIN has a price-to-book ratio of 0.62:1.
In the past 52 weeks, shares of PFIN have traded as low as $7.61 and as high as $11.851. Technical traders will take note that at $8.62, shares of PFIN are trading below their 200-day MA at $8.92 and below their 50-day MA at $8.75. 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 PFIN?
P & F Industries Inc imports, manufactures and sells pneumatic hand tools and compressor air filters for the industrial, retail and automotive markets. It also markets pipe cutting machines, threading machines, wrenches and hydrostatic test pumps. The company’s 164 employees are led by CEO Richard A. Horowitz from the corporate headquarters at 445 Broadhollow Road in Melville, NY.
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