Hubbell, Inc. stock trades under the ticker HUBB & has shown recent bullishness that traders & investors should research further.
HUBB stock closed at $191.78/share on 6/2/2022.
Hubbell, Inc. HUBB Stock’s Technical Performance Broken Down
HUBB Stock Price: $191.78
10 Day Moving Average: $187.28
50 Day Moving Average: $188.50
200 Day Moving Average: $190.96
RSI: 53.37
MACD: -0.284
Yesterday, HUBB stock completed a bullish MACD crossover, while breaking out above its 200 day moving average.
With a neutral RSI & above average trading volume compared to the last year, there looks to be more momentum to come in the near-term.
They will need to break above the $191.98 & $195.69 resistance levels as they continue to climb higher.
Hubbell, Inc. HUBB Stock As A Long-Term Investment
Long-term oriented investors will like HUBB stock’s P/E (ttm) of 25.8, but may find their 4.51 P/B (mrq) to be a bit high.
They recently reported 20.9% Quarterly Revenue Growth Y-o-Y, with 131.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination, with $371.4M reported in Total Cash (mrq), with $1.56B of Total Debt (mrq).
HUBB stock pays a 2.15% dividend, which appears stable in the long-run as their payout ratio is 56.31%.
89.76% of HUBB stock’s outstanding share float is owned by institutional investors.
Hubbell, Inc. HUBB Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from HUBB stock’s price movements, while hedging against broader market volatility.
I am looking at the contracts with the 6/17 expiration date.
The $190 & $195 call options have low levels of open interest, but the former is the only one in-the-money.
The $210, $200 & $195 puts also look interesting, but also are quite illiquid.
Tying It All Together
HUBB stock has many interesting characteristics that traders & investors will like.
Investors will like their dividend yield, but may want to read deeper into their balance sheet.
Traders will like their current momentum, but will be disappointed by the low levels of liquidity in their options contracts.
Overall, HUBB stock is worth taking a closer look at to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF HUBB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***