M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) has been under a strong bear grip, hence the stock is down -10.48% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.78% in the past 1 week. The stock has risen by 5.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.03% in the past 4 weeks.
The company shares have rallied 2.52% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $45.46 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $35.02 and the 200 Day Moving Average price is recorded at $38.43.
The stock has recorded a 20-day Moving Average of 0.21% and the 50-Day Moving Average is 5.78%.
M/A-COM Technology Solutions Holdings (NASDAQ:MTSI): stock turned positive on Friday. Though the stock opened at $32.66, the bulls momentum made the stock top out at $34.18 level for the day. The stock recorded a low of $32.36 and closed the trading day at $34.15, in the green by 5.89%. The total traded volume for the day was 718,503. The stock had closed at $32.25 in the previous days trading.
In an insider trading activity,The director officer (President and CEO) of Macom Technology Solutions Holdings, Inc., Croteau John sold 2,000 shares at $32.65 on July 1, 2016. The Insider selling transaction had a total value worth of $65,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
M/A-COM Technology Solutions Holdings, Inc. is a supplier of analog semiconductor solutions for use in wireless and wireline applications across the radio microwave and millimeter wave spectrum. The Companys semiconductor products are electronic components which includes point-to-point wireless backhaul radios, radar, automobile navigation systems, digital cable television (CATV) set-top boxes, magnetic resonance imaging systems and unmanned aerial vehicles. The Company operates in four markets: Networks, which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications; Aerospace and Defense; Automotive, which includes global positioning system modules sold to the automotive industry; and Multi-market, which includes industrial, medical, mobile communications and scientific applications. The Company serves systems manufacturers, OEMs, contract manufacturers and distributors.