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Where Will Otter Tail Corporation (OTTR) Stock Go Next After It Has Gained 10.83% in a Week?

Wednesday, August 03, 2022 03:05 PM | InvestorsObserver Analysts

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Where Will Otter Tail Corporation (OTTR) Stock Go Next After It Has Gained 10.83% in a Week?

Overall market sentiment has been high on Otter Tail Corporation (OTTR) stock lately. OTTR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Otter Tail Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OTTR!

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With OTTR Stock Today?

Otter Tail Corporation (OTTR) stock is down -4.26% while the S&P 500 is up 1.7% as of 3:05 PM on Wednesday, Aug 3. OTTR has fallen -$3.34 from the previous closing price of $78.36 on volume of 165,340 shares. Over the past year the S&P 500 is down -5.16% while OTTR is up 46.67%. OTTR earned $6.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.98.

More About Otter Tail Corporation

Otter Tail Corp is a U.S. energy company that primarily operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota, but also generates some revenue from its operations in Mexico, Canada, and Panama. The majority of the company's revenue is derived from the Electric segment and from commercial customers, although it generates revenue from residential and industrial customers, as well. Click Here to get the full Stock Report for Otter Tail Corporation stock.

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