Spot Check on Stocks With Abnormal Activity Hardinge Inc. (NASDAQ:HDNG), Servotronics, Inc. (:SVT)

Shares of Hardinge Inc. (NASDAQ:HDNG) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $14.35 at the time of writing.  The day’s total volume of 208631 this morning is in contrast from the three-month daily average of 36.82K.  When we divide the current volume by the three-month average volume, we get a relative volume of 6.66.

Hardinge Inc. (NASDAQ:HDNG)‘s market cap, the total dollar value of all of their outstanding shares, is 186.94m.  Including today’s unusual volume, Hardinge Inc.‘s stock is performing at 25.81% on the year.  For the week, the stock is performing 15.21%.  Over the past month the firm’s stock is 13.80%, 30.40% for the last quarter, 40.24% for the past six-months and 36.00% for the last year.

Current levels places Hardinge Inc. (NASDAQ:HDNG)’s stock about -1.41% from the 50-day high and 29.35% away from the 50-day low.  

Servotronics, Inc. (:SVT) stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $9.58.  The day’s total volume of 11537 this morning is in contrast from the three-month daily average of 2.63K.  When we divide the current volume by the three-month average volume, we get a relative volume of 5.15.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

Servotronics, Inc. (:SVT)‘s market cap, the total dollar value of all of their outstanding shares, is 23.09m.  Including today’s unusual volume, Servotronics, Inc.‘s stock is performing at -5.26% on the year.  For the week, the stock is performing 2.76%.  Over the past month the firm’s stock is 1.60%, -9.50% for the last quarter, -4.02% for the past six-months and -0.83% for the last year.

Current levels places Servotronics, Inc. (:SVT)’s stock about -9.52% from the 50-day high and 5.07% away from the 50-day low.  

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