Simpson Manufacturing Company, (NYSE:SSD) is Overbought According to the RSI

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Simpson Manufacturing Company, (NYSE:SSD) is at overbought status with an RSI(14) at 80.35 .

The Relative Strength Index (RSI) is a very common technical indicator used to determine strengthening and weakening momentum in price action. RSI levels above 70 are considered overbought and under 30 is considered oversold. Overbought is a condition that occurs when prices are considered too high and the probability of decline is higher.

Volatility

Simpson Manufacturing Company, ‘s beta is at 1.40 meaning it is higher in volatility than the market as a whole. Stocks with beta’s lower than 1 are considered to be less risky and those with a higher beta may be more risky than the market.

The stock’s Average True Range (ATR) is 0.61. The ATR is a measure of volatility. It can’t tell you the direction of the stock but indicates how likely the price is to change.

Shares last traded at $47.33 which is a tad above $44.26, the 50 day moving average and which is well above the 200 day moving average of $42.83. The 50 day moving average went up by +6.93% and the 200 day average was up $4.50.

Recent news headlines for Simpson Manufacturing Company, .

Simpson Manufacturing Co., Inc. Announces Participation At D.A. Davidson’s 16th Annual Engineering & Construction Conference.

Short Interest

Traders are a little more bearish on Simpson Manufacturing Company, of late as evidenced by the increase in short interest. The stock recorded a rise in short interest between August 15, 2017 and August 31, 2017 of 1.37%. Short interest grew from 1,654,772 to 1,677,503 over that timeframe. With short interest at 1,677,503 and short average daily volume at 160,400, days to cover is 10.0 and the short interest percentage is 0.04% as of August 31.

Simpson Manufacturing Company, also declared a dividend for shareholders to be paid on Thursday October 26th, 2017. The dividend will be $0.210 per share for the quarter which is $0.84 annualized. This dividend represents a yield of $1.79 which is the dividend as a percentage of the current share price. The ex-dividend date is Monday the 3rd of July 2017.

The company’s P/E ratio is 23.09 and market capitalization is 2.24B. In the latest earnings report the EPS was $2.05 and is estimated to be $2.09 for the current year with 47,273,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.40 with next year’s EPS anticipated to be $2.23.

Company Information

Simpson Manufacturing Co., Inc., launched on February 23, 1999, through its subsidiary, Simpson Strong-Tie Company Inc. (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Business’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other. The North America segment includes operations primarily in the United States and Canada. The Europe segment includes operations primarily in France, the United Kingdom, Germany, Denmark, Switzerland, Portugal, Poland, the Netherlands and Belgium. The Asia/Pacific segment includes operations primarily in Australia, New Zealand, South Africa, China, Taiwan, and Vietnam..