NEW YORK, December 29, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com explores the Diversified Electronics industry, which is engaged in the design, development, production, and sale of a wide array of electronic products. Four equities have been lined up for review, namely: Corning Inc. (NYSE: GLW), Plug Power Inc. (NASDAQ: PLUG), Amphenol Corp. (NYSE: APH), and TE Connectivity Ltd (NYSE: TEL). Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Corning, New York headquartered Corning Inc. recorded a trading volume of 5.07 million shares. The stock ended the day at $24.45, declining 1.96% from the last trading session. The Company's shares have advanced 1.03% in the last one month, 4.07% in the previous three months, and 37.24% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.13% and 12.82%, respectively. Furthermore, shares of Corning, which manufactures and sells specialty glasses, ceramics, and related materials worldwide, have a Relative Strength Index (RSI) of 55.42.
On December 20th, 2016, Corning announced that it has acquired full ownership of STRAN Technologies, a US-based producer of harsh environment and tactical interconnect products and services. STRAN serves the military/aerospace and oil/gas industries. Terms of the agreement were not released.
On December 21st, 2016, research firm Wells Fargo initiated a 'Market Perform' rating on the Company's stock. Sign up and read the free research report on GLW at:
Latham, New York headquartered Plug Power Inc.'s stock saw a drop of 1.54%, finishing yesterday's session at $1.28 with a total trading volume of 2.18 million shares. The Company's shares are trading below their 50-day moving average by 11.11%. Shares of the Company, which engages in the design, development, manufacture, and commercialization of fuel cell systems for the material handling and stationary power market in the US, have an RSI of 38.29.
On December 06th, 2016, research firm Rodman & Renshaw initiated a 'Buy' rating on the Company's stock, with a target price of $3 per share.
On December 23rd, 2016, Plug Power announced that it has closed a $25 million senior loan with NY Green Bank. This loan provides Plug Power with additional liquidity and flexibility, and does not require minimum cash balances as was the case with Plug Power's prior senior loan facility. The loan leverages the Company's existing restricted cash, and will be repaid as that cash is released. Plug Power will utilize the capital for the deployment of additional hydrogen and fuel cell systems, including within the State of New York. The complimentary research report on PLUG can be downloaded at:
Shares in Wallingford, Connecticut headquartered Amphenol Corp. ended Wednesday's session 1.13% lower at $67.57. The stock recorded a trading volume of 534,413 shares. The Company's shares have gained 4.23% in the previous three months and 30.59% since the start of this year. The stock is trading 1.02% above its 50-day moving average and 10.76% above its 200-day moving average. Moreover, shares of Amphenol, which together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide, have an RSI of 49.15.
On November 30th, 2016, research firm RBC Capital Markets reiterated its 'Top Pick' rating on the Company's stock with an increase of the target price from $69 a share to $71 a share. Register for free on Stock-Callers.com and access the latest report on APH at:
At the close, Schaffhausen, Switzerland-based TE Connectivity Ltd's stock dropped 0.78%, finishing at $70.00. A total volume of 875,056 shares was traded. The Company's shares have gained 3.40% in the last month, 9.45% over the previous three months, and 10.92% on an YTD basis. The stock is trading 5.33% and 13.41% above its 50-day and 200-day moving averages, respectively. Additionally, shares of TE Connectivity, which together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific, have an RSI of 59.22.
On December 08th, 2016, TE Connectivity's Board of Directors approved a recommendation to increase the Company's quarterly dividend from $0.37 to $0.40 per share, for the four fiscal quarters starting in April 2017, the beginning of the third fiscal quarter. The recommendation would raise the Company's dividend from the annual rate of $1.48 per share to $1.60 per share, and will be presented for shareholder approval at the Company's Annual General Meeting of Shareholders on March 08th, 2017. The recommendation represents the seventh consecutive year of increases to the Company's annual dividend rate. Get free access to your research report on TEL at:
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