Beacon Roofing Supply Inc. (BECN) Moves Higher on Volume Spike for March 16 – Equities.com

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Beacon Roofing Supply Inc. is a Distributors of roofing materials

BECN - Market Data & News

BECN - Stock Valuation Report

Beacon Roofing Supply Inc. (BECN) traded on unusually high volume on Mar. 16, as the stock gained 1.89% to close at $50.06. On the day, Beacon Roofing Supply Inc. saw 719,953 shares trade hands on 6,266 trades. Considering that the stock averages only a daily volume of 439,634 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $49.32 and $38.06 over the last 52-weeks, its 50-day SMA is now $45.49, and its 200-day SMA $44.97. Beacon Roofing Supply Inc. has a P/B ratio of 2.23. It also has a P/E ratio of 27.4.

Beacon Roofing Supply Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada.

Headquartered in Herndon, VA, Beacon Roofing Supply Inc. has 5,042 employees and is currently under the leadership of CEO Paul M. Isabella.

For a complete fundamental analysis analysis of Beacon Roofing Supply Inc., check out Equities.coms Stock Valuation Analysis report for BECN.

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To get more information on Beacon Roofing Supply Inc. and to follow the companys latest updates, you can visit the companys profile page here: BECNs Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.coms Newsdesk. Also, dont forget to sign-up for our daily email newsletter to ensure you dont miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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Beacon Roofing Supply Inc. (BECN) Moves Higher on Volume Spike for March 16 - Equities.com