After Today’s Huge Decline, Is Analogic Corporation’s Near-Term Analysis Negative?

The stock of Analogic Corporation (NASDAQ:ALOG) is a huge mover today! The stock is down 3.52% or $2.69 after the news, hitting $73.85 per share. About 98,574 shares traded hands or 33.28% up from the average. Analogic Corporation (NASDAQ:ALOG) has declined 5.60% since July 28, 2015 and is downtrending. It has underperformed by 0.50% the S&P500. The move comes after 6 months negative chart setup for the $925.90M company. It was reported on Mar, 3 by Barchart.com. We have $68.68 PT which if reached, will make NASDAQ:ALOG worth $64.81 million less.

According to Zacks Investment Research, “Analogic Corporation conceives, designs, manufactures, and sells standard and customized high-precision data acquisition, signal and imaging processing based medical imaging and industrial systems and subsystems. Analogic’s principal customers are original equipment manufacturers who incorporate Analogic’s state-of-the-art products into systems used in medical, industrial and scientific applications.”

The institutional sentiment decreased to 0.96 in Q3 2015. Its down 0.40, from 1.36 in 2015Q2. The ratio dived, as 20 funds sold all Analogic Corporation shares owned while 55 reduced positions. 15 funds bought stakes while 57 increased positions. They now own 21.80 million shares or 75.22% more from 12.44 million shares in 2015Q2.

Daruma Capital Management Llc holds 2.68% of its portfolio in Analogic Corporation for 531,690 shares. Harvey Partners Llc owns 47,500 shares or 2.42% of their US portfolio. Moreover, Ironwood Investment Management Llc has 1.58% invested in the company for 52,510 shares. The California-based Rice Hall James & Associates Llc has invested 1.41% in the stock. Tributary Capital Management Llc, a Colorado-based fund reported 96,957 shares.

Since March 5, 2015, the stock had 0 insider buys, and 3 selling transactions for $120,123 net activity. Green James W sold 500 shares worth $42,515. Fry John J sold 425 shares worth $35,798. Peechatka Farley sold 8,104 shares worth $694,099. Levitz Michael L sold 18,262 shares worth $1.61M.

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