Should You Buy Zurn Elkay Water Solutions Corp (ZWS) Stock on Friday?

The market has been high on Zurn Elkay Water Solutions Corp (ZWS) stock recently. ZWS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Zurn Elkay Water Solutions Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ZWS!

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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. 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 ZWS Stock Today?

Zurn Elkay Water Solutions Corp (ZWS) stock is down -0.64% while the S&P 500 has gained 0% as of 1:19 PM on Friday, Mar 22. ZWS has fallen -$0.21 from the previous closing price of $32.89 on volume of 191,808 shares. Over the past year the S&P 500 is up 33.14% while ZWS has gained 61.22%. ZWS earned $0.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 55.59. To see InvestorsObserver's Sentiment Score for Zurn Elkay Water Solutions Corp click here.