Can Silicom Ltd. (SILC)’s Tomorrow be Different? The Stock Just Broke Its 52 Week Low

March 14, 2018 - By Richard Conner

The stock of Silicom Ltd. (NASDAQ:SILC) hit a new 52-week low and has $32.96 target or 8.00 % below today’s $35.83 share price. The 6 months bearish chart indicates high risk for the $266.70 million company. The 1-year low was reported on Mar, 14 by If the $32.96 price target is reached, the company will be worth $21.34 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 11.89% or $4.833 during the last trading session, reaching $35.827. About 1.58M shares traded or 2143.63% up from the average. Silicom Ltd. (NASDAQ:SILC) has risen 96.23% since March 14, 2017 and is uptrending. It has outperformed by 79.53% the S&P500.

More important recent Silicom Ltd. (NASDAQ:SILC) news were published by: which released: “Silicom Ltd. (SILC) PT Lowered to $50 at Needham & Company; ‘Not All Is Lost'” on March 14, 2018, also published article titled: “Top 10 Cloud Player Cancels New Cloud Infrastructure Architecture That Used …”, published: “Silicom Limited | $SILC Stock | Shares Plummet On Broken Contract” on March 14, 2018. More interesting news about Silicom Ltd. (NASDAQ:SILC) was released by: and their article: “Silicom plunges after losing largest order” with publication date: March 13, 2018.

Silicom Ltd., together with its subsidiaries, designs, makes, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. The company has market cap of $266.70 million. It offers server networking interface cards with and without bypass for the server networking industry. It has a 12.53 P/E ratio. The firm also provides intelligent and programmable cards, including redirector cards; encryption and data compression hardware acceleration cards; time stamping and full field programmable gate array based network capture and mobile OSS distribution solutions; network processor acceleration cards; FPGA based ultra-low latency solutions; and compute blades, which offer general compute capability in networking intensive environment.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: