Fastenal Company Already 6% Down, Almost One Hour Before The NASDAQ Open

(VIANEWS) – The NASDAQ opens in less than one hour and Fastenal Company‘s pre-market value is already 6.21% down.

Fastenal Company’s last close was $74.74, 2.42% under its 52-week high of $76.59.

The last session, NASDAQ ended with Fastenal Company (FAST) sliding 1.53% to $74.74. NASDAQ slid 0.84% to $16,170.36, following the last session’s downward trend on what was a somewhat negative trend exchanging session.

About Fastenal Company

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; non-residential construction market; farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

Earnings Per Share

As for profitability, Fastenal Company has a trailing twelve months EPS of $2.02.

PE Ratio

Fastenal Company has a trailing twelve months price to earnings ratio of 37. Meaning, the purchaser of the share is investing $37 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 35.47%.

More news about Fastenal Company (FAST).

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