Receipt of new orders almost always leads to a positive sentiment about a company’s stock, and that is what happened with the AmeraMex International Inc. (OTC:AMMX) stock on Tuesday. Following such an announcement yesterday, the company’s stock recorded gains of 7% amidst strong interest.
AmeraMex International Wins Orders Totaling $585,000
AmeraMex International announced that it had won a new order with an aggregate value of $585,000. It was also noted that the fourth fiscal quarter had been a strong one for the company, and the recent verdict in the United States presidential election was going to have a positive effect on its business. It was further stated that in talks with many contractors it had been revealed that many projects, which had been put on the back burner owing to inflation and interest rates, were going to be initiated in spring.
The Orders
Additionally, the company also provided details with regards to the orders that had been placed. The orders included a pair of Taylor Equipment forklifts placed by customers in the West Coast. Another order was for a Taylor Equipment Empty Container Handler and Spread Attachment shipped to a customer based out of Los Angeles. Lastly, a Northern California-based customer ordered an AVS 70 Skid Lever.
CEO Quote
AmeraMex CEO Lee Hamre commented, “The fourth quarter looks strong, and we believe the results of our recent election will have a positive effect on our business. In talking with several contractors, they plan on initiating a number of projects this spring that have been on hold because of rising inflation and interest rates.”
| +/- EMA(20) | 0.37 (+12.16%) |
| +/- SMA(50) | 0.36 (+15.28%) |
| +/- SMA(200) | 0.21 (+97.62%) |
| 5-Day Perf. | +19.7% |
| 1-Month Perf. | +16.67% |
| 3-Month Perf. | +216.55% |
| 6-Month Perf. | +196.43% |
| YTD Perf. | +219.48% |
| 1-Year Perf. | +149.55% |
| RSI(14) | 70.75 |
| ATR(14) | 0.02 |
| ADX(14) | 35.26 |
| Beta (5Y) | -0.02 |
