Trex Co Inc (TREX): Price Now Near $100 24; Daily Chart Shows Downtrend on 50 Day Basis etfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etfdailynews.com Daily Mail and Mail on Sunday newspapers.
Trex Co Inc (TREX): Price Now Near $101.58; Daily Chart Shows An Uptrend on 50 Day Basis
Get Ratings)’s price is down $-0.11 (-0.11%) from the hour prior. This is the 2nd hour in a row TREX has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential
opportunity for rangebound traders.
Out of Construction Materials stocks, TREX ranks 53rd in regards to today’s price percentage change.
52-week low: $63.32
Company Description
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders.
P/E Ratio Insights for Trex benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Right now,
Trex Co Inc. (NYSE:TREX) share price is at $91.94, after a 3.60% gain. Moreover, over the past month, the stock fell by 12.20%, but in the past year, went up by 110.27%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session.
Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 70.65%.
The P/E ratio is used by long-term shareholders to assess the company s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth,