Trimble Navigation Limited (TRMB) has risen sharply, recording gains of 9.52% in the past 4 weeks. However, the stock has corrected -0.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.4% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.31% and the 50-Day Moving Average is 6.95%. Trimble Navigation Limited (NASDAQ:TRMB): On Fridays trading session , Opening price of the stock was $27.83 with an intraday high of $27.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.525. However, the stock managed to close at $27.73, a loss of 0.75% for the day. On the previous day, the stock had closed at $27.94. The total traded volume of the day was 786,280 shares.
The company Insiders own 1.9% of Trimble Navigation Limited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -47.83% . Institutional Investors own 90.29% of Trimble Navigation Limited shares. During last six month period, the net percent change held by insiders has seen a change of -46.83%. Also, In a research note released to the investors, JP Morgan downgrades its rating on Trimble Navigation Limited (NASDAQ:TRMB).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on June 28, 2016.
Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction, building construction and geospatial solutions. The Field Solutions segment offers positioning systems, automated application systems, and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics, and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies, Military and Advanced Systems, and ThingMagic businesses. Its brands include Trimble, PeopleNet, GEOTrac and TMW. In addition, it offers TILOS software, which merges both location and schedule into one combined time and distance graphical view, and FlexiCadastre software, which provides land management solution.