Diversified Electronics: Corning Incorporated (NYSE:GLW) TE Connectivity (NYSE:TEL), American Superconductor Corporation (NASDAQ:AMSC), Nam Tai Electronics (NYSE:NTE)

Posted by on Apr 09, 2014

Zacks restated their neutral rating on shares of Corning Incorporated (NYSE:GLW) in a report issued on Friday, Analyst Ratings Network reports. They currently have a $23.00 target price on the stock. Corning Incorporated (NYSE:GLW) shares after opening at $35.83 moved to $ on last trade day and at the end of the day closed at $1111. Company price to sales ratio in past twelve months was calculated as 11.42 and price to cash ratio as 6.62. Corning Incorporated (NYSE:GLW) showed a positive weekly performance of 0.19%.

TE Connectivity Ltd (NYSE:TEL) CEO Thomas Lynch sold 62,500 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $59.25, for a total transaction of $3,703,125.00. Following the sale, the chief executive officer now directly owns 339,365 shares of the company’s stock, valued at approximately $20,107,376. TE Connectivity Ltd (NYSE:TEL) shares advanced 0.12% in last trading session and ended the day on $59.10. TEL return on equity ratio is recorded as 16.50% and its return on assets is 7.40%. TE Connectivity Ltd (NYSE:TEL) yearly performance is 45.57%.

Wind turbine parts maker American Super conductor Corporation (NASDAQ:AMSC) said it would cut 5-10 percent of its workforce by the end of the year and shut its Middleton plant in Wisconsin, moving the operations to its headquarters in Massachusetts. American Superconductor Corporation (NASDAQ:AMSC) shares moved up 0.69% in last trading session and was closed at $1.46, while trading in range of $ 1.42 – 1.50. American Superconductor Corporation (NASDAQ:AMSC) year to date (YTD) performance is -10.98%.

There are no overbought Chinese listings on the NYSE and the NASDAQ. Nam Tai Electronics (NYSE:NTE) is up there but this is an ADR with low trading quality. This renders technical indicators useless. Nam Tai Electronics, Inc. (NYSE:NTE) weekly performance is 10.75%. On last trading day company shares ended up $6.80. Nam Tai Electronics, Inc. (NYSE:NTE) distance from 50-day simple moving average (SMA50) is 13.62%. Analysts mean target price for the company is $13.00.

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