TTM Technologies (TTMI) : Traders are bullish on TTM Technologies (TTMI) as it has outperformed the S&P 500 by a wide margin of 29.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 22.77%, 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 22.69% in the last 1 week, and is up 34.28% 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 24.84% and the 50-Day Moving Average is 28.43%. TTM Technologies Inc. is up 52.61% in the last 3-month period. Year-to-Date the stock performance stands at 52.84%.
TTM Technologies (NASDAQ:TTMI): stock turned positive on Friday. Though the stock opened at $9.52, the bulls momentum made the stock top out at $10 level for the day. The stock recorded a low of $9.21 and closed the trading day at $9.95, in the green by 4.08%. The total traded volume for the day was 2,687,330. The stock had closed at $9.56 in the previous days trading.
Also, In a research note released to the investors, Stifel Nicolaus maintains its rating on TTM Technologies (NASDAQ:TTMI).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Stifel Nicolaus raises the new price target from $9.5 per share to $11 per share. The rating by the firm was issued on July 28, 2016.
TTM Technologies, Inc. is a provider of printed circuit board (PCB) products and backplane assemblies, which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the Peoples Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific, which consists of five PCB fabrication plants, and North America, which consists of seven domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants, and one backplane assembly plant in Shanghai, China, which is managed in conjunction with its United States operations. It serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones, and touchscreen tablets, as well as the aerospace and defense, high-end computing, and industrial/medical industries.