Tilly’s Inc. (TLYS) traded on unusually high volume on Sep. 04, as the stock gained 6.89% to close at $25.14. On the day, Tilly’s Inc. saw 1.32 million shares trade hands on 8,913 trades. Considering that the stock averages only a daily volume of 318,846 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 $24.98 and $10.72 over the last 52-weeks, its 50-day SMA is now $16.11, and its 200-day SMA $13.74. Tilly’s Inc. has a P/B ratio of 4.49. It also has a P/E ratio of 37.5.
Tilly’s Inc is US based company works as a specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. It offers an unparalleled selection of relevant brands, styles, colors, sizes and price points.
Headquartered in Irvine, CA, Tilly’s Inc. has 4,700 employees and is currently under the leadership of CEO Edmond S. Thomas.