Is Gorman-Rupp Co (GRC) Stock About to Get Hot Monday?

The market has been high on Gorman-Rupp Co (GRC) stock recently. GRC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Gorman-Rupp Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GRC!

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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. 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 GRC Stock Today?

Gorman-Rupp Co (GRC) stock is trading at $31.64 as of 11:05 AM on Monday, Jul 31, an increase of $0.87, or 2.83% from the previous closing price of $30.77. The stock has traded between $30.91 and $31.93 so far today. Volume today is below average. So far 14,804 shares have traded compared to average volume of 47,498 shares.

More About Gorman-Rupp Co

Gorman-Rupp Co designs, manufactures and globally sells pumps & pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating & air conditioning, military, and other liquid-handling applications. It operates in one business segment, the manufacture & sale of pumps and pump systems, and generates revenue from the same. Geographically, it generates the majority of revenue from the United States. Click Here to get the full Stock Report for Gorman-Rupp Co stock.