Are These Three Investment Opportunities? Southcross Energy Partners LP (SXE), Servicesource International Inc (SREV) and Michaels Companies Inc (MIK)
New York, NY – GDP INSIDER – 04/29/2014.
This article discusses three companies: Southcross Energy Partners LP (NYSE:SXE), Servicesource International Inc (NASDAQ:SREV) and Michaels Companies Inc (NASDAQ:MIK)
Southcross Energy Partners LP (NYSE:SXE) continued to decline yesterday with the stock closing down $0.18 as the stock lost 1.18% to finish the day at a closing price of $15.02 with 0.148 million shares changing hands compared to its 30 day average trading volume of 0.175 million. Despite the loss, Southcross Energy Partners LP is holding 0.22% above its 20 day moving average of $15.05 and 6.99% above its 50 day moving average of $14.09. With RSI value of 52.50 and one year price target estimate of $15.38, the stock has plenty of upside potential making it a hold than buy at this time.
Servicesource International Inc (NASDAQ:SREV) saw an increase of 9.50% in value yesterday as the stock gained $0.32 to finish the day at a closing price of $3.69 after analysts at JMP Securities upgraded their rating on the stock from ‘market perform’ to ‘market outperform’. The $285.96 million market cap company, which fluctuated between $3.55 and $3.84 during intraday trading, had a trading volume of 1.52 million, which is higher than its 30-day average trading volume of 0.431 million. Over the past one week and the past one month, the shares of Servicesource International Inc have gained 10.81% and 10.48% respectively. With a strong quick ratio of 6.80 and one year target price estimate of $5.17, it is better to hold for now.
Michaels Companies Inc (NASDAQ:MIK) continued to decline as the stock lost fifteen cents to move to new closing price of $26.84, a 0.56% decrease in value from its previous closing price on low trading volume of 0.455 million shares, compared to its 30 day average trading volume of 0.713 million. Despite the loss, the $5.59 billion market cap company, which fluctuated between $26.50 and $27.06 during the day, has been outperforming the S&P 500 since the beginning of the year, with the stock gaining 8.53% YTD compared to the index which is up 2.40% over the same period, hold.
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