Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Trane Technologies plc’s current trading price is -4.24% away from its 52-week high, while its distance from the 52-week low is 45.69%. The stock’s price range during this period has varied between $139.07 and $211.58. The company, active in the Industrials sector, saw a trading volume of around 0.9 million for the day, considerably lower average daily volume of 1.04 million observed over the last three months.
Currently, the stock price of Trane Technologies plc (TT) is $202.62. In the most recent trading session, the stock underwent a significant upswing, peaking at $209.66 after opening at $207.85. The stock touched a low of $206.28 before closing at $207.32.
Trane Technologies plc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $211.58 on 09/12/23, while the lowest price during the same period was $139.07 on 10/13/22.
How Financial Performance Impacts Market Capitalization
Trane Technologies plc (TT) has experienced a quarterly rise of 11.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 46.40B and boasts a workforce of 39000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 189.60, with a change in price of +23.34. Similarly, Trane Technologies plc recorded 1,176,604 in trading volume during the last 100 days, posting a change of +13.19%.
How TT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for TT stands at 0.80. Similarly, the long-term debt-to-equity ratio is also 0.72.
TT Stock Stochastic Average
As of today, the raw stochastic average of Trane Technologies plc over the last 50 days is at 52.08%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 30.43%. Further, the company’s Stochastic %K and %D values for the last 20 days were 61.69% and 78.46%, respectively.
TT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 20.54%. However, over the past six months, we’ve seen a weaker performance of 13.46%. The price of TT leaped by -0.21% over the last 30 days. And in the last five days, it has fallen by -1.89%.