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Anadigics (ANAD) Surges: Stock Moves 19.5% Higher

Zacks Equity Research

Anadigics, Inc. (ANAD) was a big mover last session, as the company saw its shares rise by over 19% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.03 to $1.23 in the past one-month time frame.

This integrated circuits company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Anadigics currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the healthcare sector include Applied Micro Circuits Corp. (AMCC), Avago Technologies Ltd. (AVGO) and Exar Corp. (EXAR). All these stocks carry a Zacks Rank #1 (Strong Buy).

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ANADIGICS INC (ANAD): Free Stock Analysis Report


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EXAR CORP (EXAR): Free Stock Analysis Report

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