Relatively High Beta Detected in Shares of Mine Safety Appliances in the Office Services & Supplies Industry (MSA, SCS, HNI, KNL, PBI)
Below are the three companies in the Office Services & Supplies industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.
Mine Safety Appliances ranks highest with a a beta of 1.3. Steelcase is next with a a beta of 1.1. HNI ranks third highest with a a beta of 1.1.
Knoll follows with a a beta of 1.1, and Pitney Bowes rounds out the top five with a a beta of 1.0.
SmarTrend recommended that subscribers consider buying shares of Mine Safety Appliances on January 29th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $41.97. Since that recommendation, shares of Mine Safety Appliances have risen 32.0%. We continue to monitor Mine Safety Appliances for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest beta mine safety appliances steelcase knoll pitney bowes