How Risky Are These Stocks? OraSure Technologies, Inc. (OSUR), Kate Spade & Co (KATE) and Career Education Corp. (CECO)
New York, NY – GDP INSIDER – 05/08/2014.
This article discusses three companies: OraSure Technologies, Inc. (NASDAQ:OSUR), Kate Spade & Co (NYSE:KATE) and Career Education Corp. (NASDAQ:CECO)
OraSure Technologies, Inc. (NASDAQ:OSUR) declined yesterday with the stock hitting a new one year low of $4.41before recovering to $5.33 by the end of trading, down 13.47% or $0.83 with more than 4.07 million shares changing hands compared to its 30 day average trading volume of 0.500 million. The stock started to drop after analysts at JMP Securities downgraded their rating on the rating on the shares of the manufacturer and distributor of oral fluid diagnostics devices from ‘market outperform’ to ‘market perform’. However, with the stock now down over 15.90% over the last five days and RSI at 22.35, it is starting to look like a very good potential purchase, making it a buy at this time.
Kate Spade & Co (NYSE:KATE) continued to decline yesterday with the stock closing down 10.44% or $ 3.40 to close the day at $29.16 on much higher than average trading volume of 5.55 million compared with its 30 day average trading volume of 0.891 million. The company reported its 1Q 2015 earnings before market open. It beat analysts’ EPS forecast of $0.02 per share by $0.01 and revenue estimate of $239.3 million by $16 million. The New York based company, which focuses on the designing and manufacturing of a range of accessories and apparel, reported a quarterly loss of $55.2 million. The shares are down by 34% year-to-day but are up over 10% in the past six months. With RSI of 25.65, the stock looks undervalued and is potentially a very lucrative buy.
Career Education Corp. (NASDAQ:CECO) surged yesterday as the stock gained $0.78 to finish the day at $4.99, an 19.02% increase in value from its previous closing price of $4.10 on heavy trading volume of 3.094 million compared with its three month average trading volume of 0.609 million. The stock started to surge after the company announced that it will immediately start its shut-down operations at 14 of its Sanford-Brown College and Institute Campuses as part of its restructuring plan. The stock just experienced a bullish MACD crossover which may also have triggered the gains. With falling quarterly revenue growth of 94.80% year on year, it is a hold at best.
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