Markets Wired tells MHProNews that AMG shares were traded near the 52-week high of $216.49. The stock closed at the last trading session on January 26, 2015, at $210.25, with a volume of 324,394 shares against an average volume for the last 30 days of 436,137.
AMG is currently trading 2.88% below its 52-week-high, 20.54% above its 52-week-low, and in the range of $189.25-$216.49 over the past month. The 1-year range for the stock is $174.43-$216.49. AMG has a price-to-book ratio of 4.5 versus S&P 500 average of 2.79. The company’s share price has underperformed the S&P 500 year- to-date by -0.85% AMG is currently valued at $11.68 billion and closed the last trading session at $210.25. The stock has a 50-day moving average of $203.56 and a 200-day moving average of $199.09.
AMG’s current short interest stands at 477,575 shares. It has decreased by 10% from the same period last month. Around 0.9% of the company’s shares, which are floated, are short sold. With a 30-day average daily volume of 436,137 shares, the number of days required to cover the short positions stands at 1.2 days.
There are currently 13 analysts that cover AMG. Of those 13, nine have a buy rating, two have a hold rating, and two have a sell rating. On a consensus basis, this yields to a Buy. The consensus target price stands at $243 which represents an upside of 15.58% from the last closing price of $210.25.
Affiliated Managers Group, Inc. is a global asset management company that invests in boutique investment management firms. The Company allows the firms in which it invests operational autonomy while providing assistance in strategic matters, marketing, distribution, product development, and operations. ##
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Article Submitted by Sandra Lane to – Daily Business News- MHProNews.
