Shares of Motorola Solutions Inc. (NYSE:MSI) traded today at $238.61, eclipsing its 52-week high. This new high was reached on below average trading volume as 308,000 shares traded hands, while the average 30-day volume is approximately 586,000 shares.
In the past 52 weeks, shares of Motorola Solutions Inc. have traded between a low of $147.08 and a high of $238.61 and is now at $237.33, which is 61% above that low price.
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.
Based on a current price of $237.33, Motorola Solutions Inc. is currently 19.2% above its average consensus analyst price target of $191.84.
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