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