New Lifetime High Reached By Acuity Brands (AYI)

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Trade-Ideas LLC identified Acuity Brands ( AYI) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Acuity Brands as such a stock due to the following factors:

  • AYI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $50.0 million.
  • AYI has traded 2,409 shares today.
  • AYI is trading at a new lifetime high.

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More details on AYI:

Acuity Brands, Inc. designs, produces, and distributes lighting solutions, components, and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The stock currently has a dividend yield of 0.3%. AYI has a PE ratio of 37.0. Currently there are 8 analysts that rate Acuity Brands a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Acuity Brands has been 338,800 shares per day over the past 30 days. Acuity has a market cap of $7.3 billion and is part of the technology sector and electronics industry. The stock has a beta of 0.88 and a short float of 2.2% with 2.23 days to cover. Shares are up 21.6% year-to-date as of the close of trading on Friday.

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