(MENAFN- Investor Brand Network) Shares of Trex Company Inc. (NYSE:TREX) traded at a new 52-week high today of $136.00. Approximately 119,000 shares have changed hands today, as compared to an average 30-day volume of 817,000 shares.
In the past 52 weeks, Trex Company Inc. share prices are bracketed by a low of $72.07 and a high of $136.00 and is now at $135.22, 88% above that low price.
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.
Based on a current price of $135.22, Trex Company Inc. is currently 23.5% above its average consensus analyst price target of $103.44.
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