Is it Time to Dump Alta Equipment Group Inc (ALTG) Stock After it Has Fallen 6.70% in a Week?

The market has been down on Alta Equipment Group Inc (ALTG) stock recently. ALTG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Alta Equipment Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ALTG!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 ALTG Stock Today?

Alta Equipment Group Inc (ALTG) stock is up 0.85% while the S&P 500 has fallen -0.05% as of 3:13 PM on Thursday, Nov 30. ALTG has risen $0.08 from the previous closing price of $9.39 on volume of 188,517 shares. Over the past year the S&P 500 has risen 14.93% while ALTG has fallen -19.40%. ALTG earned $0.22 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 43.86. To screen for more stocks like Alta Equipment Group Inc click here.

More About Alta Equipment Group Inc

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States. Click Here to get the full Stock Report for Alta Equipment Group Inc stock.