Shares of Trimble Inc. (NASDAQ:TRMB) traded today at $84.78, eclipsing its 52-week high. Approximately 172,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.
Trimble Inc provides location-based solutions that are used in global positioning system (GPS), laser, optical and inertial technologies. Its products portfolio includes 3D laser scanning, flow and application control systems, monitoring systems, water management, and navigation infrastructure. It also manufactures laser and optics-based products, and GPS products. The company serves various industries which include agriculture, architecture, civil engineering, survey and land administration, construction, geospatial among others. The company operates in four reportable segments namely, Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. It derives most of its revenues from the US and Europe with the rest coming from the Asia Pacific and other markets.
Trimble Inc. share prices have moved between a 52-week high of $84.78 and a 52-week low of $29.79 and are now trading 179% above that low price at $83.00 per share.
Trimble Inc. (NASDAQ:TRMB) defies analysts with a current price ($83.00) 6.2% above its average consensus price target of $77.84.
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