Shares of Cirrus Logic (CRUS) Sees Large Inflow of Net Money Flow

Cirrus Logic (CRUS) : $10.33 million worth of transactions were on upticks in Cirrus Logic (CRUS), compared to $8.76 million on downticks. The ratio between the two was 1.18, whereas, the net money flow stood at a healthy $1.57 million on Wednesdays session.The block trades show a bullish bias with only $1.04 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $0.78million worth of trades. The up-down ratio between the uptick and downtick was 0.75, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $-0.26 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.31%. The stock was trading at $51.78, with a drop of $0.16 over the previous days close. The stock recorded -1.16% for the week.


Cirrus Logic Inc. has dropped 7.26% in the last five trading days, however, the shares have posted positive gains of 1.25% in the last 4 weeks. Cirrus Logic Inc. is up 36.75% in the last 3-month period. Year-to-Date the stock performance stands at 75.52%.

Cirrus Logic (CRUS) : The consensus on Cirrus Logic (CRUS) based on 9 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Cirrus Logic (NASDAQ:CRUS): stock was range-bound between the intraday low of $51.37 and the intraday high of $52.54 after having opened at $52.17 on Wednesdays session. The stock finally closed in the red at $52.17, a loss of -0.21%. The stock remained in the red for the whole trading day. The total traded volume was 1,009,196 shares. The stock failed to cross $52.54 in Wednesdays trading. The stocks closing price on Thursday was $51.94.

Cirrus Logic, Inc. (Cirrus Logic) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. Cirrus Logic delivers products for consumer and professional audio, automotive entertainment, and targeted industrial applications including energy control, energy measurement, light emitting diode (LED) lighting and energy exploration. The Company also serves customers from sales offices in the United States, Europe and Asia, including the Peoples Republic of China, Hong Kong, South Korea, Japan, Singapore, Taiwan and the United Kingdom. The Audio Products segment offers analog and mixed-signal audio converter and audio DSP products. The Energy Products provides high-precision analog and mixed-signal ICs for targeted energy control, energy measurement, LED lighting and energy exploration applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *