Hillenbrand Inc (HI) traded on unusually high volume on Nov. 14, as the stock lost 0.15% to close at $46.75. On the day, Hillenbrand Inc saw 480,467 shares trade hands on 4,650 trades. Considering that the stock averages only a daily volume of 298,027 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $53.41 and $38.15 over the last 52-weeks, its 50-day SMA is now $50.49, and its 200-day SMA $47.93. Hillenbrand Inc has a P/B ratio of 4.19. It also has a P/E ratio of 44.7.
Hillenbrand Inc is a diversified industrial company that makes and sells premium business-to-business products and services. Its segments include, the Process Equipment Group and Batesville.
Headquartered in Batesville, IN, Hillenbrand Inc has 6,000 employees and is currently under the leadership of CEO Joe A. Raver.