Shares of Enterprise Bancorp Inc (EBTC) broke into a new 52-week high yesterday, hitting a peak of $25.88.
Shares closed at $25.55 after opening at $25.58 for a move of 0.04%. The company now has a market cap of $304.72 million.
Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of
momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out
before an impending period of decline.
For Enterprise Bancorp Inc, the new 52-week high came on volume of 6,886. The stock has a float of 11.93 million shares and average daily volume of $n/a. It has a
50-day SMA of $n/a and a 200-day SMA of $n/a.
For a complete fundamental analysis analysis of Enterprise Bancorp Inc, check out Equities.com’s Stock Valuation Analysis report
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Enterprise Bancorp Inc is a holding company for Enterprise Bank and Trust company. The bank operates in the savings and cooperative banks industry of the United States and it earns income through offering commercial and consumer loan products, deposit products, and cash management services to business entities, non-profit organizations, professionals, and individuals. In addition, it also provides investment advisory and wealth management, trust and insurance services. The bank’s strategy involves gathering deposits from the public and investing primarily in loans and investment securities. It utilizes the resulting cash flows to conduct operations, expand the branch network and pay dividends to stockholders.
Enterprise Bancorp Inc is based out of Lowell, MA and has some 538 employees. Its CEO is John P. Clancy.
Enterprise Bancorp Inc is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest
companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.
What’s more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow
Jones Industrial Average or S&P 500.
To get more information on Enterprise Bancorp Inc and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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