3:21 PM Nordson Makes another All-Time High

I've talked about Nordson (NASDAQ:NDSN) here before. I though I'd take another quick look at the stock as it breaks out to yet another all-time high today. The stock is up more than two percent and is now trading at 57.66. This is the 11th time in the last three weeks that NDSN has made a new high. Since I last wrote about the stock here on February 28, it's up more than 15 percent. Short interest continues to be high. The 1.14 million shares short generates a short-interest ratio of almost seven days to cover. There is some analyst pessimism too. According to Zacks, three of the four analysts that cover NDSN have it rated as a "hold." In late December and in late February NDSN reported earnings that surpassed analysts' expectations. That has helped the stock to continue its upward climb. The company is scheduled to report second-quarter earnings on May 21 after the market close.

For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Also, for more information on what makes up these scores, or if you want more filters and screens, take a 30-day trial to our Schaeffer's Gold. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1