Heavy Volume And Pre-Market Movement For LM Ericsson Telephone Company (ERIC)

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Trade-Ideas LLC identified LM Ericsson Telephone Company ( ERIC) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified LM Ericsson Telephone Company as such a stock due to the following factors:

  • ERIC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $44.0 million.
  • ERIC traded 862,982 shares today in the pre-market hours as of 8:00 AM, representing 24.8% of its average daily volume.

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More details on ERIC:

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments: Networks, Global Services, Support Solutions, and Modems. The stock currently has a dividend yield of 2.6%. ERIC has a PE ratio of 15.8. Currently there are 5 analysts that rate LM Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for LM Ericsson Telephone Company has been 4.2 million shares per day over the past 30 days. LM Ericsson Telephone has a market cap of $37.4 billion and is part of the technology sector and telecommunications industry. Shares are down 5.6% year-to-date as of the close of trading on Wednesday.

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