Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) 6-Month Price Index : 1.26 (As of Apr. 28, 2024)

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What is Danieli & C. Officine Meccaniche SpA 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-04-28), Danieli & C. Officine Meccaniche SpA's 6-Month Price Index is 1.26.

Competitive Comparison of Danieli & C. Officine Meccaniche SpA's 6-Month Price Index

For the Specialty Industrial Machinery subindustry, Danieli & C. Officine Meccaniche SpA's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Danieli & C. Officine Meccaniche SpA 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Danieli & C. Officine Meccaniche SpA's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

DANR:Italy DAN:Italy DANm:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Headlines

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