Technology

Stocks in action: MGT Capital Investments Inc (NYSEMKT:MGT) , Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

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MGT Capital Investments Inc (NYSEMKT:MGT) went lower by -5.45% to close at $ 3.82. The company exchanged total volume of 18.62 million shares throughout course of last trade however it holds an average trading capacity of 10.76 million shares. Shares of company began trading at $4.37 climbed to high of $4.59 touched the low of $3.63.

The company is trading above its 50-day moving averages of 2.76 and up from 200-day moving averages of 0.91. The firm has price to book ratio of 14.13 and its price to sale ratio was 924.46.

MGT Capital Investments, Inc.’s (MGT) has price-to-cash ratio of 82.69 and price to sale ratio of 909.54. The company gross profit margin is 95.20%. A look on the firm performance, its monthly performance is 42.54% and a quarterly performance of 1613.00%. The stock price is moving up from its 20 days moving average with 31.02% and isolated positively from 50 days moving average with 87.47%.

MGT Capital Investments, Inc. (NYSE MKT: MGT) reported that it has extended the anticipated filing date of the proxy for the upcoming meeting of shareholders to next week. The filing of the proxy was replanneddue to minor and unforeseen delays.

The Proxy Statement will provide information to stockholders for the proposed issuance of shares to consummate the reported acquisitions of D-Vasive and Demonsaw. Stockholders will also vote on the election of John McAfee as Executive Chairman of the Board and CEO, together with other proposals. Subject to SEC review, and mandatory notice requirements, MGT’s shareholder meeting is still predictable to occur in August 2016.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) surged +0.26% and closed the trade at $ 57.24. The company recorded a trading capacity of 5.86 million shares above its three months average daily volume of 3.92 million shares. During the last trade, shares reached to high price of $57.48 and touched the low price of $56.70. The stock’s 50-day moving average is noted at $60.78 and its 200-day moving average is stands at $59.43.

Additionally, the company has a PE ratio of 20.81 and has EPS of 2.75. The company has market capitalization of $34.68B.

The average true range of Cognizant Technology Solutions Corporation’s (CTSH) is recorded at 1.38 and the relative strength index of the stock stands 41.36. The stock price is going above to its 52 week low with 11.75% and lagging behind from its 52 week high with -17.99%. Analyst recommendation for this stock stands at 1.70. A look on the firm performance, its monthly performance is -6.36% and a quarterly performance of -9.32%. The stock price is trading downbeat from its 200 days moving average with -6.36% and down from 50 days moving average with -5.29%.

 

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