Is Espey MFG and Electronics Corp (ESP) a Stock to Watch After Gaining 12.72% This Week?

Tuesday, February 21, 2023 02:17 PM | InvestorsObserver Analysts

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Is Espey MFG and Electronics Corp (ESP) a Stock to Watch After Gaining 12.72% This Week?

Overall market sentiment has been high on Espey MFG and Electronics Corp (ESP) stock lately. ESP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Espey MFG and Electronics Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ESP!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ESP Stock Today?

Espey MFG and Electronics Corp (ESP) stock is trading at $19.50 as of 2:01 PM on Tuesday, Feb 21, a drop of -$0.09, or -0.46% from the previous closing price of $19.59. Volume today is more active than usual. So far 31,917 shares have traded compared to average volume of 6,242 shares. The stock has traded between $19.38 and $20.59 so far today. To screen for more stocks like Espey MFG and Electronics Corp click here.

More About Espey MFG and Electronics Corp

Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power. Click Here to get the full Stock Report for Espey MFG and Electronics Corp stock.