Which Way Are These Stocks Heading? Fortress Investment Group LLC (FIG), Southcross Energy Partners LP (SXE) and Pacific Biosciences of California (PACB)
New York, NY – GDP INSIDER – 04/01/2015.
This article discusses three companies: Fortress Investment Group LLC (NYSE:FIG), Southcross Energy Partners LP (NYSE:SXE) and Pacific Biosciences of California (NASDAQ:PACB)
Fortress Investment Group LLC (NYSE:FIG) continued to climb yesterday with the stock gaining $0.20 to close the day at a closing price of $8.07, a2.54% increase in value from its precious closing price with 0.877 million shares changing hands compared to its 30 day average trading volume of 0.786 million. Fortress Investment Group LLC has been doing well over the past six months with the stock gaining 17.30%, compared to the S&P 500 which is up only 4.85% for the same period. With EPS of $0.47 and a one year price target of $9.17, the stock has a good long term investment potential.
Southcross Energy Partners LP (NYSE:SXE) gained $0.23 as the stock jumped 1.67% to finish the day at a closing price of $14.00 with 0.695 million shares changing hands compared to its 30 day average trading volume of 0.139 million. Southcross Energy Partners LP is holding 7.96% above its 50 day moving average of $12.99 but below its 200 day moving average of $17.40. With RSI value of 57.89 and one year price target estimate of $15.38, the stock has plenty of upside potential making it a hold than buy at this time.
Pacific Biosciences of California (NASDAQ:PACB) reverse its upward trend yesterday with the stock declining 5.81% or $0.36 to close the day at a closing price of $5.84 on high trading volume of 1.88 million, compared to its 30 day average trading volume of 0.663 million. The US-based biological research tools developer and marketer has been outperforming the S&P 500 for the past 6 months, with the stock up 18.94% compared to the index which has gained only 4.85% over the same period. With quarterly revenue growth (yoy ) fo 85.70% and price target estimate of $8.67, Pacific Biosciences of California is a hold.
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