Question

LH 02. Assignment - Financial Markets and Institutions 6. Stock quotes Aa Aa E Smith Enterprises recently was profiled on a financial information website and touted as a "hot" growth stock. You acquired the stock quote shown below from that website. Smith Enterprises (AMEX: SME) $51.63 Trade Time: 4:00 PM ET Change: +??? (11.92%) Prev Close: 46.13 Open: 47.25 Day's Range: 52wk Range: Volume: Avg Vol (3m): Market Cap: P/E (ttm): EPS (ttm): Div & Yield: 47.22 - 51.96 25.48 - 60.71 1,419,317 1,921,518 1.63B Bid: N/A 24.12 Ask: N/A 222 1y Target Est: 55.40 0.20 (0.40%) The last trade time is shown to be at 4:00 PM Eastern Time. The abbreviation "ttm" stands for "trailing twelve months," and the number shown reflects data from the previous 12 months. The abbreviation "3m" reflects data from the previous 3 months. What exchange does Smith Enterprises trade on? O DAX O NASDAQ O FTSE OAMEX O SME o e a eu ?

Answer 1

1) As we can see from the data taken from website, Smith Enterprises is trading on AMEX

2) EPS = Price / (P/E) = $51.63 / 24.12 = 2.14

3) Since, the change is 11.92% for the day we can calculate the movement by multiplying the percentage change and the previous closing price.

Thus, price increase = 11.92% * 46.13 = 5.50

4) The trading was relatively light because the trading volume for the day is less than the 3 months average indicating low activity in the stock