Are These Stocks Profitable Investments? Gentex Corporation (GNTX), Weight Watchers International, Inc. (WTW) and CorMedix Inc. (CRMD)
New York, NY – GDP INSIDER – 04/21/2014.
This article discusses three companies: Gentex Corporation (NASDAQ:GNTX), Weight Watchers International, Inc. (NYSE:WTW) and CorMedix Inc. (NYSEMKT:CRMD)
Gentex Corporation (NASDAQ:GNTX) climbed yesterday with the stock gaining 0.45% or $0.07 to close at $15.77 on heavy trading of 1.544 million shares, compared to its three month average trading volume of 1.46 million. The supplier of automatic-dimming rearview mirrors to the automotive industry has been trending down for the last 52 weeks, with the shares price now 26.65% lower for the period and down 3.01% so far this year. With RSI of 52.28 and quarterly revenue growth of 73.80% year over year, Gentex Corporation has plenty of upside potential, making it a hold with a view buy.
Weight Watchers International, Inc. (NYSE:WTW) lost eleven cents during its last trading session as the stock fell 1.43%, to close at $7.60 on Monday, on light trading volume of 1.43 million, compared to its three month average trading volume of 1.60 million. The stock has seen its value drop by 69.40% so far this year, vastly underperforming the S&P 500 index which is up 2.02% for the same period. With the stock now down over 5.59% over the last five days and RSI at 30.46, it is starting to look like a very good potential purchase, making it a buy at this time.
CorMedix Inc. (NYSEMKT:CRMD) continued its volatile trend yesterday with the stock gaining 10.39% or $0.88 to close at $9.35 on heavy trading of 1.416 million shares, compared to its three month average trading volume of 1.05 million. The specialty pharmaceutical company has been fluctuating between $5.15 and $10.20 for the last month. Despite the volatility, the stock has gained 389.53% since the beginning of the year, far outstripping the performance of the S&P 500 which has only gained 2.02% for the same period. With RSI of 63.96 and quarterly revenue growth of 4142.90%, the stock can still go either way and if CorMedix Inc can produce positive news, then the stock could go higher still. Even so, given the volatility it is a risky investment but potentially lucrative, making it a hold or profit-take at this time.
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