Shares of Motorola Solutions Inc. (NYSE:MSI) traded today at $248.40, eclipsing its 52-week high. So far today approximately 73,000 shares have been exchanged, as compared to an average 30-day volume of 669,000 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.
Motorola Solutions Inc. (NYSE:MSI) is currently priced 18.3% above its average consensus analyst price target of $201.10.
In the past 52 weeks, shares of Motorola Solutions Inc. have traded between a low of $156.30 and a high of $248.40 and is now at $246.20, which is 58% above that low price.
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