Super Micro Computer (SMCI) Shares are Down -0.88%

Super Micro Computer (SMCI) has risen sharply, recording gains of 7.03% in the past 4 weeks. However, the stock has corrected -0.88% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Super Micro Computer, Inc. has dropped 14.84% during the last 3-month period . Year-to-Date the stock performance stands at -12.44%. The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 8.44%.


Super Micro Computer (NASDAQ:SMCI): The stock opened at $21.46 on Friday but the bulls could not build on the opening and the stock topped out at $21.77 for the day. The stock traded down to $21.41 during the day, due to lack of any buying support eventually closed down at $21.46 with a loss of -0.51% for the day. The stock had closed at $21.57 on the previous day. The total traded volume was 258,301 shares.

Also, Equity analysts at the Brokerage firm Roth Capital downgrades its rating on Super Micro Computer (NASDAQ:SMCI). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 5, 2016.

Super Micro Computer, Inc. offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and embedded markets. The Companys solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. It sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs), as well as through its direct sales force. As of June 30, 2015, the Company offered over 4,550 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.

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