Stocks Trading Up: Hutchinson Technology Incorporated (NASDAQ:HTCH), Revolution Lighting Technologies Inc. (NASDAQ:RVLT), ZBB Energy Corporation (NYSEMKT:ZBB)

Posted by Michael Korte May 3, 2013 0 Comment 2292 views

Northern, WI 05/03/2013 (GDPInsider) –  Hutchinson Technology Incorporated (NASDAQ:HTCH) is up 5.43% after starting the day’s trading at 2.79. The stock has a volume of 251.11K and a range of 2.79 and 2.98. Hutchinson Technology Incorporated supplies suspension assemblies for hard disk drives and the company recently reported Q1 2013 results with much to be upbeat about. According to the earnings report which was released on April 30, 2013, the company saw a quarterly profit of $1.9 million. This was a huge boost for HTCH because it’s the first time in many years that the company has been able to report a profit. Many analysts believe that given the turnaround inside the company, its value should grow.

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Revolution Lighting Technologies Inc. (NASDAQ:RVLT) is up 5.44% after starting the day’s trading at 3.60. The stock closed previously at 3.68 and is trading with a range of 3.53 and 3.83. The stock is down 9.80% on its 52-week high of 4.08 but up a mammoth 3245.55% on its 52-week low of 0.11. Volume for RVLT is 473.48K and the technical chart shows a northward trend which has prevailed since February 2013. The stock is up 92.70% on its 50-day simple moving average and 40.30% on its 20-day simple moving average. Analysts have set a target price of 3.00 for RVLT and the stock has a RSI of 71.33 indicating that it is overbought. 74.87 shares are outstanding for RVLT and insiders own 61.80% of the stock. Institutions own 3.88% and account for 28.26% of the transactions in RVLT.

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ZBB Energy Corporation (NYSEMKT:ZBB) is up 8.54% having opened trading at 0.30. The stock has a range of 0.30 and 0.31 with a volume standing at 63.5K. ZBB announced recently that its Executive Vice President for global business, Dan Nordloh has been invited to participate as a panel expert on energy storage for the upcoming AGRION event in New York. The event which has been themed “Energy Storage Economics 2.0 for New York City and Beyond,” is slated to take place on May 9, 2013 starting at 9:30 a.m. at 10 Rockefeller Plaza, New York. ZBB is currently down 11.87% on its 50-day simple moving average and the stock has a RSI of 44.12.

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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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