Keysight Technologies Inc. (KEYS) traded on unusually high volume on Aug. 20, as the stock gained 0.62% to close at $60.19. On the day, Keysight Technologies Inc. saw 1.3 million shares trade hands on 8,413 trades. Considering that the stock averages only a daily volume of 752,199 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 $62.41 and $39.21 over the last 52-weeks, its 50-day SMA is now $60.00, and its 200-day SMA $51.34. Keysight Technologies Inc. has a P/B ratio of 4.48. It also has a P/E ratio of 115.
Keysight Technologies Inc is a measurement company providing core electronic design and test solutions to communications and electronics industries. It provides electronic measurement instruments and systems and related software, software design tools.
Headquartered in Santa Rosa, CA, Keysight Technologies Inc. has 12,600 employees and is currently under the leadership of CEO Ronald S. Nersesian. – Equities