Powell Industries (NASDAQ:POWL) stock identified change of 46.35% away from 52-week low price and recently located move of -55.00% off 52-week high price. It has market worth of $280.04M and dividend yield of 4.55%. POWL stock has been recorded -9.38% away from 50 day moving average and -37.90% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.16% off 20-day moving average.
On May 05, 2020, Powell Industries (NASDAQ:POWL) a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, declared results for the fiscal 2020 second quarter ended March 31, 2020.
Revenues for the second quarter of fiscal 2020 were $151.6 million compared to revenues of $134.2 million for the first quarter of fiscal 2020 and revenues of $123.7 million for the second quarter of fiscal 2019. The Company reported net income for the second quarter of 2020 of $7.4 million, or $0.64 per diluted share, compared to net income of $2.8 million, or $0.24 per diluted share, for the first quarter of fiscal 2020 and net income of $1.0 million, or $0.08 per diluted share for the second quarter of fiscal 2019.
New orders placed during the second quarter of fiscal 2020 totaled $301 million compared to $137 million in the first quarter of fiscal 2020 and $197 million in the second quarter of fiscal 2019. The Company’s backlog as of March 31, 2020 was $566 million, an increase of 33% sequentially from $426 million at December 31, 2019 and compared to $397 million as of March 31, 2019.
Brett A. Cope, Powell’s Chairman and Chief Executive Officer, stated, As the global community is battling the COVID-19 pandemic, our number one priority has been the safety of our employees, customers and their families. I am very proud of all of our employees for their swift response implementing safe work practices across all of our facilities. We have maintained all of our operations supporting our customers as an essential business, providing critical electrical distribution solutions.
The Industrials sector company, Powell Industries noticed change of -1.72% to $22.86 along volume of 47247 shares in recent session compared to an average volume of 77.61K shares. The stock observed return of -10.63% in 5 days trading activity. The stock was at 5.98% over one month performance. POWL’s shares are at -44.47% for the quarter and driving a -24.40% return over the course of the past year and is now at -53.34% since this point in 2018.
The average volatility for the week at 8.23% and for month was at 7.00%. There are 12.25M shares outstanding and 8.83M shares are floated in market. Right now the stock beta is 1.29.