Motorola Solutions Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

November 23, 2021 11:44:57

Shares of Motorola Solutions Inc. (NYSE:MSI) traded at a new 52-week high today of $259.21. So far today approximately 187,000 shares have been exchanged, as compared to an average 30-day volume of 622,000 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, Motorola Solutions Inc. share prices are bracketed by a low of $163.16 and a high of $259.21 and is now at $256.83, 57% above that low price.

Based on a current price of $256.83, Motorola Solutions Inc. is currently 24.9% above its average consensus analyst price target of $192.93.

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