Scientific Instruments Stocks on Investors' Radar -- Fitbit, Fortive, Garmin, and Cognex
NEW YORK, December 13, 2016 /PRNewswire/ --
On Monday, major US indices were mixed as the NASDAQ Composite ended the trading session down 0.59%; the Dow Jones Industrial Average edged 0.20% higher; and the S&P 500 closed down 0.11%. The US markets saw a negative session by the close of the trading as six out of nine sectors were in the red. Stock-Callers.com today reviews these four Scientific Instruments stocks: Fitbit Inc. (NYSE: FIT), Fortive Corporation (NYSE: FTV), Garmin Ltd (NASDAQ: GRMN), and Cognex Corporation (NASDAQ: CGNX). Learn more about these stocks by accessing their free research reports at:
http://stock-callers.com/registration
Fitbit
On Monday, shares in San Francisco, California headquartered Fitbit Inc. recorded a trading volume of 9.78 million shares. The stock ended the day 1.15% lower at $7.73. Shares of the Company, which provides wearable health and fitness tracking devices, are trading at a PE ratio of 18.72. The Company is trading below its 50-day and 200-day moving averages by 30.39% and 43.53%, respectively. Furthermore, shares of Fitbit have a Relative Strength Index (RSI) of 22.91.
On December 8th, 2016, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised downwards its previous target price from $18 to $9. Free research report on FIT is available at:
http://stock-callers.com/registration/?symbol=FIT
Fortive
On Monday, shares in Everett, Washington-based Fortive Corp. ended the session 0.02% lower at $53.99 with a total volume of 1.53 million shares traded. Fortive's shares have gained 8.03% in the previous three months. Shares of the Company, which owns and operates industrial units that manufacture testing and measurement equipment, are trading at a PE ratio of 21.11. The stock is trading 4.11% above its 50-day moving average and 5.31% above its 200-day moving average. Moreover, the Company's shares have an RSI of 54.54. The complimentary research report on FTV can be downloaded at:
http://stock-callers.com/registration/?symbol=FTV
Garmin
Schaffhausen, Switzerland-based Garmin Ltd's stock finished Monday's session 0.74% lower at $49.65 with a total volume of 959,205 shares traded. Over the last one month and the previous three months, Garmin's shares have advanced 0.36% and 5.75%, respectively. Further, the stock has surged 45.16% in the past one year. Shares of the Company, which together with its subsidiaries, designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide, are trading above its 200-day moving average by 9.46%. Garmin's stock has traded at a PE ratio of 18.57 and has an RSI of 40.76. Visit us today and access our complete research report on GRMN at:
http://stock-callers.com/registration/?symbol=GRMN
Cognex
Natick, Massachusetts headquartered Cognex Corp.'s stock advanced 1.67%, to close the day at $64.09. The stock recorded a trading volume of 591,247 shares, which was above its three months average volume of 517,140 shares. Cognex's shares have surged 18.97% in the last one month, 33.60% in the previous three months and 82.76% in the past one year. Shares of the Company, which provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes, are trading 16.13% and 38.75% above its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 42.70 and has an RSI of 71.94.
On December 8th, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $74 per share. Get free access to your research report on CGNX at:
http://stock-callers.com/registration/?symbol=CGNX
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article