Enerpac Tool Group Corp (EPAC) Stock: What Does the Chart Say Friday?

Overall market sentiment has been high on Enerpac Tool Group Corp (EPAC) stock lately. EPAC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Enerpac Tool Group Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EPAC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With EPAC Stock Today?

Enerpac Tool Group Corp (EPAC) stock is trading at $20.47 as of 12:01 PM on Friday, May 27, a gain of $0.27, or 1.34% from the previous closing price of $20.20. Volume today is above average. So far 428,063 shares have traded compared to average volume of 287,758 shares. The stock has traded between $20.17 and $20.56 so far today. To see InvestorsObserver's Sentiment Score for Enerpac Tool Group Corp click here.

More About Enerpac Tool Group Corp

Enerpac Tool Group, previously known as Actuant, provides high-precision tools, controlled-force products, and solutions for precise heavy lifting. The company operates through two segments: industrial tools and services and other. It categorizes its revenue into two parts: product sales and services, which include manpower services and rentals. Product sales is the largest contributor to the company's total revenue. Geographically, the company operates in the United States, Asia, Australia, Europe, Middle East, and other areas. The U.S. makes up the largest contribution to the company's total revenue. Click Here to get the full Stock Report for Enerpac Tool Group Corp stock.