The ExOne Co. (XONE) stock coverage initiated with “Outperform” at FBR & Co

The ExOne Co. (NASDAQ: XONE) shares rose in early trading today on lighter trade volume than normal after more analysts initiated coverage on the stock.

Analysts at FBR & Co initiated coverage on The ExOne Co. (NASDAQ: XONE) stock, rating the company at Outperform. FBR & Co currently has a rating of Outperform on the stock. The one-year price target of $12.63 is a decrease compared to the opening price of $15.50, resulting a fair amount of other analysts to comment on the company recently. Looking back over the last year, The ExOne Co. stock has a high of $15.52. Analysts and brokerage firms will subsequently re periodic updates after initiating coverage,. Price changes targets are not unusual.

Meanwhile, US stock opened lower amid concerns surrounding the U.S. Department of Justice’s probe into Deutsche Bank AG.

The S&P 500 SPX, -0.25% slipped 5 points, or 0.2%, to 2,162.

The Dow industrials DJIA, -0.26% fell 55 points, or 0.3%, to 18,252.

The Nasdaq Composite COMP, -0.11% was off 13 points, or 0.3%, to 5,298

Shares of The ExOne Co. (NASDAQ: XONE) opened at $15.50 yesterday and traded in a range between, $15.01 and $15.52, and last traded at $15.49, an increase of $0.27 or 0.02 compared to the previous closing price.

The ExOne Co. (NASDAQ: XONE) now has a market cap of 248.88M.

The ExOne Co.Trading Volume

The stock’s average daily volume is 154,794 shares out of a total float 9,747,000 and some 73,227 shares traded hands yesterday, below the norm. Momentum traders often use increases in trading volume to identify heavy volume growth or circulation by institutional investors, so look for trading volume to pick up in the coming days.

However, one day of heavy buy side trading is not enough to affirm a trend. So market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain teams of analysts that research thousands of stocks, so it is good corroboration to see them taking a postion in a stock you are researching.

The ExOne Co. Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

Traders can make smarter trades when they follow the activity of professional investors.

Trades for The ExOne Co. (NASDAQ: XONE) have ranged from $6.50 – 15.52, and the stock now has a 50-day MA of $14.04 and 200-day MA of $11.93. Today’s last price is 0.00% under the 52 week high of $15.52.

Earnings growth is a critical factor to look at when investing in stocks and investors seek companies that have been successful at growing their earnings by at least 25% for 3 consecutive years.

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