Today’s Research Reports on Trending Tickers: Applied Optoelectronics and Universal Display Corporation
Major Indexes pulled back on Thursday as investors digested earnings from JPMorgan Chase and Citigroup. The Dow Jones Industrial Average declined 0.14 percent to close at 22,841.01, while the S&P 500 Index fell 0.17 percent to close at 2,550.93. The Nasdaq Composite Index decreased 0.18 percent to close at 6,591.51. On Thursday, earnings from Citigroup and JPMorgan Chase signaled the start of earnings season.
“Basic fundamentals are good, companies are making money, and I think the market will be relatively strong throughout earnings season, but I don’t see a huge spike up between now and the end of the year because a lot [of earnings optimism] has been priced in,” said Gary Droz, managing director at MainLine Private Wealth.
RDI Initiates Coverage on:
Applied Optoelectronics Inc.
Universal Display Corporation
Applied Optoelectronics Inc.’s stock moved 4.23% lower Thursday, to close the day at $58.84. The stock recorded a trading volume of 3,646,559 shares, which was above its three months average volume of 3,496,320 shares. In the last year Applied Optoelectronics Inc.’s shares have traded in a range of 18.85 – 103.41. The share price has gained 212.15% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $60.97 is below its 200-day moving average of $64.04. Shares of the company are trading at a Price to Earnings ratio of 13.98. Shares of Applied Optoelectronics have gained approximately 151.02 percent year-to-date.
Access RDI’s Applied Optoelectronics Inc. Research Report at:
On Thursday, shares in Universal Display Corporation recorded a trading volume of 1,453,909 shares, which was above the three months average volume of 843,065 shares. The stock ended the day 3.38% higher at 134.60. The share price has gained 181.12% from its 52 week low with a 52 week trading range of 47.88 – 145.30.The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $127.53 is greater than its 200-day moving average of $113.01. Shares of the company are trading at a Price to Earnings ratio of 78.03. Shares of Universal Display have gained approximately 139.08 percent year-to-date.
Access RDI’s Universal Display Corporation Research Report at:
Our Actionable Research on Applied Optoelectronics Inc. (NASDAQ:AAOI) and Universal Display Corporation (NASDAQ:OLED) can be downloaded free of charge at Research Driven Investing.
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