Shares of Motorola Solutions Inc. (NYSE:MSI) traded today at $244.78, eclipsing its 52-week high. This new high was reached on below average trading volume as 108,000 shares traded hands, while the average 30-day volume is approximately 649,000 shares.
Motorola Solutions is a leading provider of communications and analytics, primarily serving public safety departments as well as schools, hospitals, and businesses. The bulk of the firm’s revenue comes from sales of land mobile radios and radio network infrastructure, but the firm also sells surveillance equipment and dispatch software. Seventy-five percent of Motorola’s revenue comes from government agencies, while 25% comes from its commercial customers. Motorola has customers in over 100 countries and in every state in the United States.
In the past 52 weeks, shares of Motorola Solutions Inc. have traded between a low of $149.81 and a high of $244.78 and is now at $244.13, which is 63% above that low price.
Motorola Solutions Inc. (NYSE:MSI) defies analysts with a current price ($244.13) 18.5% above its average consensus price target of $198.93.
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