AVX Corporation (AVXS) Just Reaches All Time High?

October 13, 2017 - By Henry Gaston

The stock of AVX Corporation (NYSE:AVX) reached all time high today, Oct, 13 and still has $20.85 target or 7.00 % above today’s $19.49 share price. This indicates more upside for the $3.28 billion company. This technical setup was reported by Barchart.com. If the $20.85 PT is reached, the company will be worth $229.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.10% or $0.02 during the last trading session, reaching $19.49. About 130,791 shares traded. AVX Corporation (NYSE:AVX) has risen 26.38% since October 13, 2016 and is uptrending. It has outperformed by 9.68% the S&P500.

Wall Street await AVX Corporation (NYSE:AVX) to release earnings on November, 9. Analysts forecast EPS of $-1.25, down exactly $0.38 or 43.68 % from 2014’s $-0.87 EPS. After posting $-2.07 EPS for the previous quarter, AVX Corporation’s analysts now forecast -39.61 % EPS growth.

More news for AVX Corporation (NYSE:AVX) were recently published by: Twst.com, which released: “AVX Corporation: AVX Completes Acquisition of the Transportation, Sensing and …” on October 02, 2017. Zacks.com‘s article titled: “Why You Shouldn’t Bet Against AVX Corporation (AVX) Stock? October 12, 2017” and published on October 11, 2017 is yet another important article.

AVX Corporation is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. The company has market cap of $3.28 billion. AVX operates in three divisions: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. It has a 25.72 P/E ratio. The Passive Components segment consists of surface mount and leaded ceramic capacitors, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, thick and thin film packages of multiple passive integrated components, thermistors, inductors and resistive products.

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