Today’s Research Reports on Trending Tickers: Applied Optoelectronics and Universal Display Corporation
NEW YORK, NY / ACCESSWIRE / December 7, 2017 / U.S. markets were mixed Wednesday as weakness in mining and energy stocks offset a rally from the technology sector. The Dow Jones Industrial Average dropped 0.16 percent close at 24,140.91, while the S&P 500 Index declined 0.01 percent to close at 2,629.27. The Nasdaq Composite Index rose 0.21 percent to close at 6,776.38. Energy stocks slumped as crude oil prices slid 2.9 percent on Wednesday. The tech rally was led by Facebook, with a gain of 1.87 percent, after analysts at Evercore ISI initiated coverage on the company with an "outperform" rating.
"Today's leading tech companies are leveraging the internet to disrupt and take profits from large established industries, a dynamic that is driving real earnings and free cash flow growth," wrote DiClemente wrote Evercore ISI analyst, in a note to clients on Tuesday. "Beyond that, smartphone ubiquity, the transition from offline to digital marketplaces, and continued growth in user adoption of emerging/established digital platforms are providing fuel for the next legs of growth."
RDI Initiates Coverage on:
Applied Optoelectronics, Inc.
https://rdinvesting.com/news/?ticker=AAOI
Universal Display Corporation
https://rdinvesting.com/news/?ticker=OLED
Applied Optoelectronics stock moved 4.05% lower Wednesday, to close the day at $40.74. The stock recorded a trading volume of 1,070,541 shares, which was below its three months average volume of 2,240,959 shares. In the last year, Applied Optoelectronics shares have traded in a range of 21.88 - 103.41. The share price has gained 86.20% from its 52-week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $42.09 is below its 200-day moving average of $61.44. Shares of the company are trading at a Price to Earnings ratio of 9.57. Shares of Applied Optoelectronics have gained roughly 7.78 percent in the past month and are up 73.81 percent year-to-date.
Access RDI's Applied Optoelectronics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAOI
On Wednesday, shares in Universal Display Corporation recorded a trading volume of 1,270,559 shares, which was above the three months average volume of 938,726 shares. The stock ended the day 1.17% lower at 164.05. The share price has gained 197.19% from its 52-week low with a 52-week trading range of 55.20 - 192.75.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $162.04 is greater than its 200-day moving average of $131.36. Shares of Universal Display Corporation are trading at a Price to Earnings ratio of 79.99. Shares of Universal Display Corporation have gained roughly 0.4 percent in the past month and are up 191.39 percent year-to-date.
Access RDI's Universal Display Corporation Research Report at:
https://rdinvesting.com/news/?ticker=OLED
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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