NeoPhotonics Corporation (NPTN) : Traders are bullish on NeoPhotonics Corporation (NPTN) as it has outperformed the S&P 500 by a wide margin of 28.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.64% in the last 1 week, and is up 30.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.01% and the 50-Day Moving Average is 32.13%. NeoPhotonics Corporation (NYSE:NPTN): stock turned positive on Friday. Though the stock opened at $13.48, the bulls momentum made the stock top out at $14.05 level for the day. The stock recorded a low of $13.36 and closed the trading day at $14.01, in the green by 4.47%. The total traded volume for the day was 1,122,258. The stock had closed at $13.41 in the previous days trading.
The company Insiders own 16.4% of NeoPhotonics Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.69% . Institutional Investors own 79.03% of NeoPhotonics Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -21.44%. Also, Equity analysts at the Brokerage firm Needham upgrades its rating on NeoPhotonics Corporation (NYSE:NPTN). The rating major has initiated the coverage with strong buy rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 25, 2016.
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company produces photonic integrated circuits (PICs) that comprise both arrayed and individual photonic functional elements using optimized materials systems and processes from its in-house Silicon, Indium Phosphide and Gallium Arsenide wafer fabrication. These individual PICs from different materials are then combined using hybrid integration technology to make complete products, such as its Integrated Coherent Receiver (ICR) for 100G coherent transport applications. The Companys customers include Alcatel-Lucent SA, Ciena Corporation, Cisco Systems, Inc., and Huawei Technologies Co., Ltd. Its products are categorized into groups, including High Speed Products and Network Products and Solutions. The high speed 100G and beyond products are based on its Advanced Hybrid Photonic Integration technology.