Oclaro, Inc. (OCLR), Fortress Investment Group LLC (FIG) and Pacific Biosciences of California (PACB) Look Unexciting But is There Potential?
New York, NY – GDP INSIDER – 04/29/2014.
This article discusses three companies: Oclaro, Inc. (NASDAQ:OCLR), Fortress Investment Group LLC (NYSE:FIG) and Pacific Biosciences of California (NASDAQ:PACB)
Oclaro, Inc. (NASDAQ:OCLR) continued to climb yesterday with the stock gaining eight cents to finish the day at a closing price of $2.06, a 4.04% increase in value from its previous closing price after analysts at Needham upgraded their rating on the stock from ‘hold’ to ‘buy’. The $224.62 million market cap company, which traded within a range of $1.98 to $2.09 during yesterday’s trading, had a trading volume of 0.750 million, a figure which is slightly higher than its 30 day average trading volume of 0.690 million. The RSI of 62.99 indicates the stock is not overvalued at the current levels and may rise in future, better to hold than buy at this time.
Fortress Investment Group LLC (NYSE:FIG) continued to climb yesterday with the stock gaining two cents to close the day at a closing price of $8.31, a0.24% increase in value from its precious closing price with only 0.390 million shares changing hands compared to its three month average trading volume of 0.696 million. Fortress Investment Group LLC has been doing well over the past six months with the stock gaining 27.78%, compared to the S&P 500 which is up only 6.53% for the same period. With EPS of $0.47 and a one year price target of $10.25, the stock has a good long term investment potential, hold.
Pacific Biosciences of California (NASDAQ:PACB) had a light trading volume yesterday with 0.320 million shares changing hands compared to its three month average trading volume of 0.755 million. The stock traded between $5.42 and $5.72 before closing at its opening price of $5.59 with no change on the day. The US-based biological research tools developer and marketer has been outperforming the S&P 500 for the past 12 months, with the stock up 27.05% compared to the index which has gained only 12.80% over the same period. With quarterly revenue growth (yoy ) of 85.70% and price target estimate of $8.13, Pacific Biosciences of California is a hold.
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