Avnet, Inc. s trend and data analysis indicates that the stock price has dropped -4.2% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 12.15% . Looking at the past 52 week period, the stock price is up at 4.95% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Avnet, Inc. has a positive value of 12.94 compared to overall market.Avnet, Inc. is having a Relative Strength Index of 50.03 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Avnet, Inc. (NYSE:AVT) rallied by 1.52% during the past week but lost 0.78% on a 4-week basis. The company has outperformed the S&P 500 by 1.28% in the past week but underperformed the index by 1.91% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Avnet, Inc. (NYSE:AVT) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.17 points or 0.37% at $46.05 with 1,636,364 shares getting traded. Post opening the session at $46.27, the shares hit an intraday low of $45.9 and an intraday high of $46.38 and the price was in this range throughout the day. The company has a market cap of $5,936 million and the number of outstanding shares has been calculated to be 128,894,613 shares. The 52-week high of Avnet, Inc. (NYSE:AVT) is $51.5 and the 52-week low is $38.16.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Avnet was Downgraded by Goldman to Sell on Mar 1, 2017.
Company has reported several Insider transactions to the SEC, on Mar 2, 2017, Maryann G. Miller (Senior Vice President) sold 5,000 shares at 47.00 per share price.On Feb 9, 2017, Ray M Robinson (director) sold 3,004 shares at 46.45 per share price.On Sep 10, 2015, James A Lawrence (director) purchased 46,700 shares at 42.60 per share price.
Avnet Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.75. The company had revenue of $4273.56 million for the quarter, compared to analysts expectations of $4379.83 million. The companys revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Avnet Inc. is one of the worlds largest industrial distributors of electronic components and computer products. The company is a vital link in the chain that connects suppliers of semiconductors, interconnect products, passive and electromechanical devices to original equipment manufacturers and contract manufacturers that design and build the electronic equipment for end-market use, and to other industrial customers. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the worlds leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its one lakhs customers, accelerating their growth through cost-effective, value-added services and solutions.