U.S. Physical Therapy Inc. (USPH) traded on unusually high volume on Apr. 06, as the stock
lost 0.8% to close at $61.90. On the day, U.S. Physical Therapy Inc. saw 118,746 shares trade hands on 1,324 trades.
Considering that the stock averages only a daily volume of 70,274 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the
company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $78.00 and $46.39 over the last 52-weeks, its 50-day SMA is now $70.53, and its 200-day SMA $64.92. U.S. Physical Therapy Inc.
has a P/B ratio of 4.34. It also has a P/E ratio of 32.2.
US Physical Therapy Inc operates outpatient physical and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, preventative care, and rehabilitation of injured workers among others.
Headquartered in Houston, TX, U.S. Physical Therapy Inc. has 3,400 employees and is currently under the leadership of CEO Christopher J. Reading.
For a complete fundamental analysis analysis of U.S. Physical Therapy Inc., check out Equities.com’s Stock Valuation Analysis report
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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