(MENAFN- Investor Brand Network) Trex Company Inc. (NYSE:TREX) traded at a new 52-week high today of $134.39. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 728,000 shares.
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders.
In the past 52 weeks, shares of Trex Company Inc. have traded between a low of $64.26 and a high of $134.39 and is now at $130.15, which is 103% above that low price.
Trex Company Inc. (NYSE:TREX) is currently priced 21.6% above its average consensus analyst price target of $102.08.
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