Stocks Trading Down: Aurizon Mines Ltd. (USA) (NYSEMKT:AZK), Aviat Networks Inc. (NASDAQ:AVNW), Exide Technologies (NASDAQ:XIDE)

Posted by Ryan Mandell May 2, 2013 0 Comment 558 views


Northern, WI 05/02/2013 (GDPInsider) –  Aurizon Mines Ltd.(USA) (NYSEMKT:AZK) is down 9.95% after starting the day’s trading at 4.23. The stock has a range of 3.70 and 4.24, having closed previously at 3.91. Volume is 938.39K, slightly above average trading which is 875.95K. The stock is trading 8.42% below its 50-day moving average and 6.69% below its 20-day moving average. There are 164.67 million shares outstanding and institutions own 65.58% of the shares and account for 5.67% of the transactions. Analysts have set a target price of 5.45 for AZK and the stock has a RSI of 38.03 indicating that it is very close to oversold territory. EPS next year is tipped to grow 600% and the company has a P/E of 22.74

Is AZK a solid investment at these levels? Get must-have updates and insights right here.

Aviat Networks Inc. (NASDAQ:AVNW) is down 8.25% after opening the day’s trading at 3.00. The stock is trading on volume of 227.88K and has a range of 2.63 and 3.00. Aviat Networks, Inc. is a global supplier of microwave networks and supplies solutions to businesses and government agencies alike. The company released its Q3FY13 and reported gross margin of 28.8% (GAAP) and 29.1% (Non-GAAP). There was a slight decrease in cash and cash equivalents from Q2 to Q3 and the company reported having $92.9 million. The stock has a RSI of 34.20 and is currently down 17.99% on its 50-day moving average. AVNW has a market cap of $181.97 million and a forward P/E of 10.61.

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Exide Technologies (NASDAQ:XIDE) is down 11.24% after opening at 0.78. The stock currently has a range of 0.69 and 0.79 with volume of 1.38 million. Exide technologies is a lead-acid battery manufacturer but the company has faced recent troubles with regulators. The company was ordered to close a recycling unit in California after officials deemed it unsafe. The company recently hired Lazard Ltd. to help with restructuring and reorganizing operations for better long term viability. The stock has had a declining technical chart since the start of April 2013 and XIDE is presently down 66.38% on its 50-day moving average. Although Analysts have set a target price of 3.17 the stock is deep into oversold territory with a RSI of 19.99.

How Should Investors Trade XIDE Now? Get the latest trends and data here.

 

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About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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