NEW YORK, NY / ACCESSWIRE / January 25, 2019 /U.S. equities were mixed on Thursday as stronger-than-expected quarterly earnings
"We've seen Q4 growth slightly edge up," said Erin Gibbs, portfolio manager at S&P Global. "We're even starting to see 2019 earnings revise up, and it's still very early in the season," Gibbs added.
The Market Wealth Report Initiates Coverage on:
Analog Devices, Inc.
Universal Display Corporation
Analog Devices' stock jumped 6.63% Thursday, to close the day at $94.75. The stock recorded a trading volume of 6,478,707 shares, which was above its three months average volume of 3,130,732 shares. In the last year, Analog Devices' shares have traded in a range of 76.62 - 103.59. The share price has gained 23.66% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $86.70 is below its 200-day moving average of $90.69. Shares of the company are trading at a Price to Earnings ratio of 23.87. Shares of Analog Devices have gained roughly 17.82 percent in the past month and are up 10.39 percent year-to-date.
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On Thursday, shares of Universal Display recorded a trading volume of 715,093 shares, which was below the three months average volume of 1,163,411 shares. The stock ended the day 4.11% higher at $98.86. The share price has fallen 45.56% from its 52
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SOURCE: Market Wealth Report