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Hi-Tech Pharmacal Co., AŞ Message Board

  • ikixncie ikixncie Dec 7, 2012 10:50 AM Flag

    Price movement

    Technically, HITK has been showing support around 31.55 and resistance in the 36.17 price range. It is rated a strong buy at stoxline website with the 42.55 target price in six months.

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    • I was more impressed that yesterday it keep just above water at the 35 level. I don't usually have any real reliance on such support concepts, but every time it dipped below that, it rose to 35 or a cent or two over it.

      Today it seems to have more support. And, ironically, I have found that it takes a day or two after the earnings announcement for it to actually go up. This time the effect was immediate, but maybe it might jump a little next week?

      It is really well priced at this time. I seems to have found a level of sales of nicely over $50 million a quarter, and profits of over 60 cents a quarter. That gives them about a 15 pe ratio. They may be able to expand slightly over the next 9 months, but need some new products. New good products, while holding their own on flonase, will get them to approach 50 - maybe the end of next year.

      But why so little action on this board with such nice news? Maybe four of us posting. We should just get together an do our own conference call.