Applied Materials Surges to New 52-Week High

Applied Materials, Inc. (AMAT) broke out to the upside again on Friday and hit a new 52 week high with shares seeing double the daily average trading volume. More than 24.4 million shares have already traded hands compared to a daily average of 13.2 million shares. There is no news in the name.

Today’s trading range for shares of AMAT has been between $14.57 and $15.13 per share. Over the last four months, AMAT has gained nearly 35%, but still remains at depressed levels, having fallen 0.77% in the last 52-weeks.

Applied Materials has a market cap of $19.98 billion; its shares are currently trading at around $15.10 with a trailing P/E ratio of 21.51 and a forward multiple of 11.32. The dividend yield of Applied Materials stocks is 0.28 (2.00%).

AMAT has a 52 week range of $10.27 to $14.57 (Apr 26, 2010). The stock’s 50-day moving average is $13.29 and its 200-day moving average is $12.46.

At last check, AMAT shares were up $0.94, or 6.60 %, to $15.18.

Applied Materials, Inc. provides nanomanufacturing technology solutions for the semiconductor, flat panel display, solar, and related industries worldwide. The co. was founded in 1967 and is headquartered in Santa Clara, California.

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About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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