At least I know why LOGI got killed today.
Logitech International SA Lowered to Sell at S&P Equity Research (LOGI)
Posted by Joseph Griffin on Jan 2nd, 2014 // No Comments
Logitech International SA (NASDAQ:LOGI) was downgraded by stock analysts at S&P Equity Research to a “sell” rating in a report issued on Thursday, Analyst RN reports.
Logitech International SA (NASDAQ:LOGI) traded down 3.07% on Thursday, hitting $13.2699. 284,101 shares of the company’s stock traded hands. Logitech International SA has a 52 week low of $6.24 and a 52 week high of $13.80. The stock’s 50-day moving average is $11.97 and its 200-day moving average is $9.00. The company’s market cap is $2.131 billion.
Logitech International SA (NASDAQ:LOGI) last released its earnings data on Wednesday, October 23rd. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.03. The company had revenue of $531.97 million for the quarter, compared to the consensus estimate of $502.63 million.
LOGI has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Logitech International SA in a research note to investors on Friday, December 20th. They now have a $14.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Logitech International SA from a “sell” rating to a “hold” rating in a research note to investors on Sunday, November 3rd. Finally, analysts at TheStreet upgraded shares of Logitech International SA from a “sell” rating to a “hold” rating in a research note to investors on Friday, October 25th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $9.67.
Logitech International SA (NASDAQ:LOGI) is a provider of personal peripherals for computers and other digital platforms.
