Shares of Deluxe Corporation (DLX) sank into a new 52-week low yesterday, and could be a company to watch
at
the open. The company’s stock fell to as low as $38.63 yesterday after opening at $40.50. By the closing bell, the company’s stock was at $38.85 a share for a loss of 3.69%.
While no company wants to see their stocks fall into a new 52-week low, opportune investors may have reason to celebrate. Bullish investors with a healthy tolerance for risk may view this as a
chance to buy stocks as distressed prices before a bounce back. With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. Investors bearish on
the stock might see the stock reaching its lowest price in a year as a sign of growing downward momentum and take it as a good reason to sell their shares. Bulls, though, could likely see a new
52-week low as the stock hitting its low point and anticipate a recovery in the share price.
Deluxe Corporation saw 369,645 shares of its stock trade hands, that’s out of 46.31 million shares outstand. The stock has an average daily
volume of 422,715 shares. After hitting a new 52-week low, Deluxe Corporation enters the new trading day with a market cap of 1.8 billion, a 50-day SMA of $48.49 and a
200-day SMA of $61.07
Deluxe Corporation now has a P/E ratio of 11.4.
For a complete fundamental analysis analysis of Deluxe Corporation, check out Equities.com’s Stock Valuation Analysis report
for
DLX.
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Deluxe is a provider of customer life-cycle management solutions to small businesses and financial institutions. The company offers checks and check-related products, logo and web design, hosting and web services, search engine optimization, marketing programmes, digital printing services, printed forms such as deposit tickets and invoices, and office supplies. The small business services segment operates under the Deluxe, NEBS, Safeguard, PsPrint, Hostopia, Logo Mojo, Aplus.net, OrangeSoda, and VerticalResponse brands. The company operates primarily in North America.
Deluxe Corporation has 5,119 employees, is led by CEO Lee J. Schram, and makes its home in Shoreview, MN.
Deluxe Corporation is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology,
it creates a simple, unbiased view of how America’s stable of smaller publicly traded companies are performing in the stock markets. The index consists of the 2,000 smallest companies of the 3,000
largest publicly-traded companies in the country as judged by market cap. It’s constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000
biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).
To get more information on Deluxe Corporation and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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