Apogee Enterprises (NASDAQ:APOG) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $42.42 and traded as high as $44.23. Apogee Enterprises shares last traded at $42.89, with a volume of 128,668 shares.

Analyst Ratings Changes

APOG has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Apogee Enterprises in a report on Saturday, September 27th. Wall Street Zen lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, DA Davidson decreased their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Apogee Enterprises presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Stock Performance

The company has a market cap of $923.42 million, a P/E ratio of 18.33 and a beta of 1.06. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average is $43.15 and its 200 day moving average is $42.42.

Institutional Investors Weigh In On Apogee Enterprises

Institutional investors have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in Apogee Enterprises during the 2nd quarter valued at $38,000. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises during the 2nd quarter valued at $38,000. Financial Gravity Asset Management Inc. purchased a new stake in Apogee Enterprises during the 1st quarter valued at $44,000. Quarry LP boosted its position in Apogee Enterprises by 3,991.1% during the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock valued at $85,000 after buying an additional 1,796 shares during the period. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in Apogee Enterprises during the 2nd quarter valued at $86,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).