NEW YORK, December 13, 2016 /PRNewswire/ --
On Monday, major US indices were mixed as the NASDAQ Composite ended the trading session down 0.59%; the Dow Jones Industrial Average edged 0.20% higher; and the S&P 500 closed down 0.11%. The US markets saw a negative session by the close of the trading as six out of nine sectors were in the red. Stock-Callers.com today reviews these four Scientific Instruments stocks: Fitbit Inc. (NYSE: FIT), Fortive Corporation (NYSE: FTV), Garmin Ltd (NASDAQ: GRMN), and Cognex Corporation (NASDAQ: CGNX). Learn more about these stocks by accessing their free research reports at:
On Monday, shares in San Francisco, California headquartered Fitbit Inc. recorded a trading volume of 9.78 million shares. The stock ended the day 1.15% lower at $7.73. Shares of the Company, which provides wearable health and fitness tracking devices, are trading at a PE ratio of 18.72. The Company is trading below its 50-day and 200-day moving averages by 30.39% and 43.53%, respectively. Furthermore, shares of Fitbit have a Relative Strength Index (RSI) of 22.91.
On December 8th, 2016, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised downwards its previous target price from $18 to $9. Free research report on FIT is available at:
On Monday, shares in Everett, Washington-based Fortive Corp. ended the session 0.02% lower at $53.99 with a total volume of 1.53 million shares traded. Fortive's shares have gained 8.03% in the previous three months. Shares of the Company, which owns and operates industrial units that manufacture testing and measurement equipment, are trading at a PE ratio of 21.11. The stock is trading 4.11% above its 50-day moving average and 5.31% above its 200-day moving average. Moreover, the Company's shares have an RSI of 54.54. The complimentary research report on FTV can be downloaded at:
Schaffhausen, Switzerland-based Garmin Ltd's stock finished Monday's session 0.74% lower at $49.65 with a total volume of 959,205 shares traded. Over the last one month and the previous three months, Garmin's shares have advanced 0.36% and 5.75%, respectively. Further, the stock has surged 45.16% in the past one year. Shares of the Company, which together with its subsidiaries, designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide, are trading above its 200-day moving average by 9.46%. Garmin's stock has traded at a PE ratio of 18.57 and has an RSI of 40.76. Visit us today and access our complete research report on GRMN at:
Natick, Massachusetts headquartered Cognex Corp.'s stock advanced 1.67%, to close the day at $64.09. The stock recorded a trading volume of 591,247 shares, which was above its three months average volume of 517,140 shares. Cognex's shares have surged 18.97% in the last one month, 33.60% in the previous three months and 82.76% in the past one year. Shares of the Company, which provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes, are trading 16.13% and 38.75% above its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 42.70 and has an RSI of 71.94.
On December 8th, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $74 per share. Get free access to your research report on CGNX at:
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