Fastenal Company (NASDAQ:FAST) traded at a new 52-week high today of $55.20. So far today approximately 282,000 shares have been exchanged, as compared to an average 30-day volume of 3.3 million shares.
In the past 52 weeks, shares of Fastenal Company have traded between a low of $42.57 and a high of $55.20 and is now at $55.07, which is 29% above that low price.
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,900 branches, over 1,300 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
Fastenal Company (NASDAQ:FAST) defies analysts with a current price ($55.07) 1.8% above its average consensus price target of $54.09.
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