Stocks of Infosys Limited (NYSE:INFY) rallied by 1.05% during the past week but lost 1.03% on a 4-week basis. The company has outperformed the S&P 500 by 2.26% in the past week but underperformed the index by 1.93% in the last 4 weeks.
Infosys Limited (NYSE:INFY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.21 and $18.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.27, notching a gain of 0.16% for the day. The total traded volume was 3,555,521 . The stock had closed at $18.24 on the previous day.
The company shares have rallied 12.33% from its 1 Year high price. On Apr 15, 2016, the shares registered one year high at $20.47 and the one year low was seen on Jul 9, 2015. The 50-Day Moving Average price is $18.74 and the 200 Day Moving Average price is recorded at $17.83.
Many analysts have stated their opinion on the company shares. Brokerage firm Goldman Sachs upgrades its rating on Infosys Limited (NYSE:INFY). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 22.42% of Infosys Limited shares according to the proxy statements. Institutional Investors own 17.74% of Infosys Limited shares.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Companys solutions include application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting, enterprise solutions and package implementation, systems integration and business intelligence; Products, business platforms and solutions, and technologies, such as cloud computing, enterprise mobility, digital, big data and analytics. Its segments are Financial Services and Insurance, Manufacturing, Energy and utilities, Communication and Services, Retail, Consumer packaged goods and Logistics, Life Sciences and Healthcare, and Growth Markets.