Downgrade Alert for Sanmina-SCI (SANM)
Sanmina-SCI (NASDAQ:SANM) was downgraded from Buy to Hold at Craig-Hallum today. The stock closed yesterday at $24.70 on volume of 3.5 million shares, above average daily volume of 538,000.
In the past 52 weeks, Sanmina-SCI share prices have been bracketed by a low of $16.31 and a high of $29.17 and closed yesterday at $24.70, 51% above that low price. The 200-day and 50-day moving averages have moved 0.43% higher and 1.29% higher over the past week, respectively.
Sanmina-SCI Corporation provides electronics contract manufacturing services to customers located around the world. The Company offers its customers expertise in new product introduction, manufacturing, and design and fabrication of complex interconnect products. Sanmina-SCI specializes in circuit fabrication, system assembly, integration, and high-end enclosures and cabling.
Sanmina-SCI (NASDAQ:SANM) defies analysts with a current price ($24.70) 0.5% above its average consensus price target of $24.57. The stock should find initial support at its 50-day moving average (MA) of $22.33 and further support at its 200-day MA of $21.21.
SmarTrend is monitoring the recent change of momentum in Sanmina-SCI. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sanmina-SCI in search of a potential trend change.
Keywords: analyst upgrades/downgrades sanmina-sci