Services Sector Ideas

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American Electric Technologies - info -


http://www.thestreet.com/story/11319234/6/6-stocks-at-new-52-week-highs.html




>>> American Electric Technologies(AETI) is a provider of electrical products and services to the Gulf Coast marine and industrial markets. This stock is trading up 0.25% at $3.99 in recent trading after hitting a 52-week high of $4.00 earlier in the day.

Today's Range: $3.85-$4.00

52-week Range: $1.90-$4.00

Volume: 8,725

Three-Month Average Volume: 5,518

American Electric Technologies has a market cap of $31.22 million and an enterprise value of $34.53 million. The stock trades at a price-to-sales of 0.65 and a price-to-book of 1.38. The current short interest as a percentage of the float for American Electric Technologies is very low at just 0.2%.

From a technical standpoint, this stock is triggering a breakout today now that shares have started to move above some past overhead resistance at $3.79 on above-average volume. That said, this is another very thinly traded stock since only around 5,000 shares trade on an average day.

If the stock can manage to close over $3.79, then shares set up to trade back toward its next significant overhead resistance level near $6. This is not a name I would play, however, due to the lack of volume.

For more stocks hitting new 52-week highs today, visit the 52-Week Highs Portfolio.

-- Written by Roberto Pedone in Winderemere, Fla.
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