Stock Worth Watching: Analogic Corporation Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Stock Worth Watching: Analogic Corporation Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Analogic Corporation (NASDAQ:ALOG) hit a new 52-week high and has $102.19 target or 7.00% above today’s $95.50 share price. The 6 months bullish chart indicates low risk for the $1.20B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $102.19 price target is reached, the company will be worth $84.00M 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. About 14,426 shares traded hands. Analogic Corporation (NASDAQ:ALOG) has risen 18.21% since April 22, 2016 and is uptrending. It has outperformed by 12.80% the S&P500.

Analysts await Analogic Corporation (NASDAQ:ALOG) to report earnings on December, 6 after the close.

Analogic Corporation (NASDAQ:ALOG) Ratings Coverage

Out of 2 analysts covering Analogic Company (NASDAQ:ALOG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Analogic Company has been the topic of 3 analyst reports since November 23, 2015 according to StockzIntelligence Inc. Brean Capital maintained the shares of ALOG in a report on Thursday, September 22 with “Buy” rating. Sidoti initiated Analogic Corporation (NASDAQ:ALOG) on Thursday, March 24 with “Neutral” rating.

According to Zacks Investment Research, “Analogic Corporation conceives, designs, manufactures, and sells standard and customized high-precision data acquisition, signal and imaging processing based medical imaging and industrial systems and subsystems. Analogic’s principal customers are original equipment manufacturers who incorporate Analogic’s state-of-the-art products into systems used in medical, industrial and scientific applications.”

Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.31, from 1.53 in 2016Q1. The ratio dived, as 13 funds sold all Analogic Corporation shares owned while 36 reduced positions. 14 funds bought stakes while 61 increased positions. They now own 11.61 million shares or 5.96% less from 12.35 million shares in 2016Q1.
The Florida-based Independent Portfolio Consultants Inc has invested 0.24% in Analogic Corporation (NASDAQ:ALOG). Ftb Advsr Incorporated holds 553 shares or 0.01% of its portfolio. Tiaa Cref Ltd Liability Corp has 0% invested in the company for 47,094 shares. Snow Capital Mgmt Lp accumulated 128,985 shares or 0.48% of the stock. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Analogic Corporation (NASDAQ:ALOG). Moreover, Jacobs Levy Equity Mgmt Incorporated has 0.02% invested in Analogic Corporation (NASDAQ:ALOG) for 14,430 shares. Blackrock has 3,216 shares for 0% of their US portfolio. Amer Century Cos has invested 0.01% of its portfolio in Analogic Corporation (NASDAQ:ALOG). Greenwich Wealth Mngmt Lc last reported 3,874 shares in the company. Pinebridge Invs Limited Partnership last reported 0.01% of its portfolio in the stock. Dalton Greiner Hartman Maher And holds 178,910 shares or 0.88% of its portfolio. Princeton Alpha L P accumulated 3,819 shares or 0.05% of the stock. Credit Suisse Ag holds 0% or 22,227 shares in its portfolio. Vanguard Grp has invested 0.01% of its portfolio in Analogic Corporation (NASDAQ:ALOG). First Trust Advsr Limited Partnership has 0% invested in the company for 7,438 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 20 insider sales for $1.87 million net activity. Another trade for 545 shares valued at $47,148 was made by Ryan James Patrick on Monday, August 15. Shares for $113,125 were sold by Chandra Shalabh. Faltas Mervat also sold $157,451 worth of Analogic Corporation (NASDAQ:ALOG) on Thursday, July 14. 500 Analogic Corporation (NASDAQ:ALOG) shares with value of $44,482 were sold by Green James W.

More recent Analogic Corporation (NASDAQ:ALOG) news were published by: Globenewswire.com which released: “Analogic Announces Leadership Transition” on October 24, 2016. Also Wsj.com published the news titled: “Analogic Corp. Profit Falls Sharply on Medical-Imaging and Security Segments” on March 10, 2015. Bizjournals.com‘s news article titled: “Analogic announces job cuts as manufacturing moves from Peabody to China” with publication date: September 16, 2015 was also an interesting one.

ALOG Company Profile

Analogic Corporation, incorporated on November 27, 1967, designs, makes and commercializes guidance, diagnostic imaging and threat detection technologies. The Firm operates through three divisions: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography. The Company’s Ultrasound business segment provides ultrasound procedure guidance systems for the urology and surgery markets. The Company’s Security and Detection segment creates and makes automated threat detection systems for aviation baggage inspection applications utilizing medical CT technology and systems used for deoxyribonucleic acid (DNA) analysis for law enforcement and government agencies. It sells its Medical Imaging products primarily through multinational medical original equipment manufacturers or OEMs. It sells ultrasound products, under the BK Ultrasound brand. It sells aviation threat detection and DNA systems through multinational partners.

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