National Instrument (NASDAQ: NATI) Confirms Partnership With Electro Rent

National Instruments Corporation (NASDAQ: NATI) has signed a new partnership agreement with Electro Rent. As per the partnership contract, the National instrument will let its customer use the automated test and measurement solutions via the extensive network of Electro Rent. The services will be provided to customers first in North America and later the company will expand the services worldwide in 2021.

In today’s fast-growing market, the engineer and corporations are trying ways to decrease the cost of test so that they market their products faster. Electro Rent is the solution for all those enterprises and engineers. The partnership between NATI and Electro Rent will provide new opportunities to customers.

National Instruments Corporation (NATI) has seen some recent movement in the market and its stock closed at $35.09 yesterday. Investors are starting to take interest in NATI as the stock traded as high as $35.74 and as low as $35.06 in the previous market trading session.

National Instruments Corporation (NATI) average trading volume is 720.82K. However, in the previous market trading session National Instruments Corporation (NATI) traded 468,786 shares. The 1st support level on NATI is $34.67 and the 1st upside resistance level on NATI is $42.82. NATI fifty day moving average is $34.99 and NATI 200-day moving average is $36.68.

National Instruments Corporation (NATI) recent performance has been shown by the recent movement in NATI stock. NATI has performed -1.49% over the past 30 days, NATI has performed 1.83% over the past 3 months and NATI has shown -18.43% over the past 365 days. National Instruments Corporation (NATI) has a 12 month range of $20.42 to $47.89. National Instruments Corporation (NATI) is trading 71.84% from its 12 month low and -26.73% from its 12 month high. National Instruments Corporation (NATI) is showing a 2.57% short float showing the sum short in the float.

NATI has 131.42M shares outstanding and 120.99M shares in the float. National Instruments Corporation (NATI) presently has a market cap of $4.51B and an income of 197.50M. The EPS next quarter for NATI is 0.12 and the anticipated EPS next year is -29.84%. The market cap of National Instruments Corporation (NATI) at $4.51B represents how many Investors own shares of NATI and is based off the last price ($35.09) of NATI and the sum of shares outstanding (131.42M) with National Instruments Corporation (NATI).

National Instruments Corporation (NATI) has aggregate cash (mrq) of 290.17M, aggregate cash per share (mrq) of 2.21, aggregate debt of NATI stands at 141.73M and aggregate debt/equity (mrq) is 11.44. National Instruments Corporation (NATI) running cash flow (ttm) is 183.84M, NATI leveraged free cash flow (ttm) is 184.93M.

NATI is trading 3.02% above (bullish) its SMA20, -0.20% below (bearish) its SMA50 and -4.58% below (bearish) its SMA200.

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