Powell Industries (NASDAQ:POWL) stock identified change of 57.08% away from 52-week low price and recently located move of -18.96% off 52-week high price. It has market worth of $501.45M and dividend yield of 2.53%. POWL stock has been recorded -10.84% away from 50 day moving average and 5.29% away from 200 day moving average. Moving closer, we can see that shares have been trading -9.91% off 20-day moving average.
On Feb. 4, 2020, Powell Industries (NASDAQ:POWL) a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, reported results for the fiscal 2020 first quarter ended December 31, 2019.
Revenues for the first quarter of fiscal 2020 were $134.2 million compared to revenues of $109.4 million in the first quarter of fiscal 2019. The Company reported net income for the first quarter of 2020 of $2.8 million, or $0.24 per diluted share, compared to a net loss of $2.7 million, or $0.23 per diluted share, in the first quarter of fiscal 2019.
New orders placed during the first quarter of fiscal 2020 totaled $137 million compared to $162 million in the fourth quarter of fiscal 2019 and $172 million in the first quarter of fiscal 2019. The Company’s backlog as of December 31, 2019 was $426 million, an increase of 2% sequentially from $419 million at September 30, 2019 and compared to $322 million as of December 31, 2018.
Brett Cope, Powell’s Chairman and Chief Executive Officer, stated, We were pleased with our fiscal 2020 first quarter performance, despite the seasonal impact at the end of the calendar year. Our backlog position entering Fiscal 2020 positions the business to deliver a year of solid returns based on the convertibility and quality of our order book. As we progress through Fiscal 2020, we are not only focusing on backlog execution, but also leveraging the commercial pipeline to help offset the cyclical nature of our core end markets.
The Industrial Goods sector company, Powell Industries noticed change of -0.56% to $41.17 along volume of 69404 shares in recent session compared to an average volume of 85.11K shares. The stock observed return of -6.09% in 5 days trading activity. The stock was at -15.41% over one month performance. POWL’s shares are at 4.47% for the quarter and driving a 42.26% return over the course of the past year and is now at -15.96% since this point in 2018.
The average volatility for the week at 3.64% and for month was at 2.26%. There are 12.18M shares outstanding and 8.84M shares are floated in market. Right now the stock beta is 1.18.
Eugene Harris joined us after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Eugene earned bachelor degree from Union College with a focus in Business Administration. Eugene is the Senior Editor and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
Email Contact – [email protected]
Address – 797 Paradise Crescent, Hauterive, Quebec
Zip Code – G5C 1M1
Phone Number – 418-920-9491