Home / Industrial Goods / Shares of United States Lime & Minerals Inc. (USLM) Sink 4.27% in Early Trading on September 23

Shares of United States Lime & Minerals Inc. (USLM) Sink 4.27% in Early Trading on September 23

United States Lime & Minerals Inc. (USLM) started the trading day on a down note, making it one of the worst performing stocks in the industrial goods sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of USLM have fallen 4.27% about 30 minutes into the session to $63.07 after closing the day prior at $65.88. It’s early, but the stock has traded as high as $65.69 and as low as $63.07 so far. Today’s quick decline has come with about 538 shares changing hands, compared to an average 30-day volume of 3,875 for United States Lime & Minerals Inc.. The price is currently below the 30-day volume weighted average price of $65.17 for USLM.

The share depreciation gives the company a market capitalization of $366.6 million based upon 5.56 million shares outstanding. It also means that USLM has a price-to-book ratio of 2.15:1.

In the past 52 weeks, shares of USLM have traded as low as $45.56 and as high as $66.62. Technical traders will take note that at $63.07, shares of USLM are trading above their 200-day MA at $56.98 and below their 50-day MA at $63.45. 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 USLM?

United States Lime & Minerals Inc is a manufacturer of lime and limestone products, supplying mainly to the construction, steel, environmental, oil and gas services, industrial, roof shingle and agriculture industries. The company’s 323 employees are led by CEO Timothy W. Byrne from the corporate headquarters at 5429 LBJ Freeway in Dallas, TX.

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