Today's Dead Cat Bounce Stock: EnerSys (ENS)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified EnerSys ( ENS) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified EnerSys as such a stock due to the following factors:

  • ENS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $31.5 million.
  • ENS has traded 196,809 shares today.
  • ENS is up 3% today.
  • ENS was down 8.6% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in ENS with the Ticky from Trade-Ideas. See the FREE profile for ENS NOW at Trade-Ideas

More details on ENS:

EnerSys manufactures, markets, and distributes industrial batteries in North and South America, Europe, the Middle East, Africa, Asia, Australia, and Oceania. The company operates in three segments: Americas, EMEA, and Asia. The stock currently has a dividend yield of 1.1%. ENS has a PE ratio of 20.0. Currently there are 3 analysts that rate EnerSys a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for EnerSys has been 383,800 shares per day over the past 30 days. EnerSys has a market cap of $3.0 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.83 and a short float of 9% with 6.72 days to cover. Shares are down 17% year-to-date as of the close of trading on Thursday.

If you liked this article you might like

Worst Stock Performers on Thursday: ENS, NTES, M, DKS, KSS

These Stocks Are Showing Red Flags -- Here's When to Sell

4 Stocks Are Showing Red Flags -- Here's When to Sell

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: DHF, ENS, HRC

Insider Trading Alert - ALG, ENS And HEAR Traded By Insiders