The stock of Black Box Corporation (NASDAQ:BBOX) hit a new 52-week high and has $17.28 target or 7.00% above today’s $16.15 share price. The 9 months bullish chart indicates low risk for the $243.12M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $17.28 price target is reached, the company will be worth $17.02M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.57% or $0.25 during the last trading session, hitting $16.15. About 30,246 shares traded hands. Black Box Corporation (NASDAQ:BBOX) has risen 10.19% since April 22, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.
Analysts await Black Box Corporation (NASDAQ:BBOX) to report earnings on January, 24.
According to Zacks Investment Research, “Black Box Corporation is a leading worldwide provider of technical network services and related products to businesses of all sizes. Black Box differentiates itself from its competitors through unparalleled levels of technical support and its private label brand, BLACK BOX(R). The Black Box brand has earned a reputation for high quality and reliability since the BBOX was founded.”
Insitutional Activity: The institutional sentiment increased to 1.41 in 2016 Q2. Its up 0.31, from 1.1 in 2016Q1. The ratio improved, as 10 funds sold all Black Box Corporation shares owned while 32 reduced positions. 10 funds bought stakes while 36 increased positions. They now own 13.53 million shares or 3.41% less from 14.01 million shares in 2016Q1.
Alliancebernstein L P last reported 0% of its portfolio in the stock. Legal & General Grp Public Limited Com has invested 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX). Gemmer Asset Ltd Liability Corp, a California-based fund reported 75 shares. Aqr Mgmt Llc accumulated 0.01% or 279,995 shares. Manufacturers Life Insurance The last reported 10,866 shares in the company. The Germany-based Deutsche Comml Bank Ag has invested 0% in Black Box Corporation (NASDAQ:BBOX). Wells Fargo & Co Mn accumulated 0% or 43,481 shares. Renaissance Technologies Limited Company holds 0.01% or 385,600 shares in its portfolio. Suntrust Banks holds 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX) for 10,117 shares. Parametric Ltd Liability Com has 0.01% invested in the company for 347,470 shares. Qs Investors Lc, a New York-based fund reported 56,517 shares. Blackrock Invest Ltd Limited Liability Company holds 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX) for 69,590 shares. The New York-based State Common Retirement Fund has invested 0% in Black Box Corporation (NASDAQ:BBOX). Cornerstone Management Ltd Llc holds 0% or 19,900 shares in its portfolio. Clarivest Asset accumulated 19,066 shares or 0.01% of the stock.
Insider Transactions: Since November 4, 2016, the stock had 1 insider purchase, and 0 insider sales for $260,166 net activity. Shares for $260,166 were bought by Sykes Eslie C.
More recent Black Box Corporation (NASDAQ:BBOX) news were published by: Businesswire.com which released: “Black Box Appoints Anthony J. Massetti as Senior Vice President, Chief …” on November 17, 2016. Also Post-Gazette.com published the news titled: “Black Box Corp. names EC Sykes its new CEO” on February 09, 2016. Businesswire.com‘s news article titled: “Black Box Corporation Announces CEO Transition” with publication date: December 23, 2015 was also an interesting one.
BBOX Company Profile
Black Box Corporation, incorporated on June 9, 1987, is a technology solutions provider. The Firm is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching. Offerings under its Services platform include unified communications, data infrastructure and managed services. The Firm conducts business globally and manages its business on a geographic-service type basis consisting of four divisions: North America Products, North America Services, International Products and International Services. The offerings of its Products platform are distributed through value-added resellers, direct marketing manufacturers, mass merchandisers, Web retailers and others. The offerings of its Services platform are distributed through value-added resellers, manufacturers, large system integrators and other technical services companies.
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