7 good stocks to buy now under $10, February 28, 2012: GENT, RJET, FULT, SD, BDE, LSCC & OIIM. All 7 upgraded or initiated coverage, 5 of them to a “buy” rating or better, recently from Wall Street analysts and all considered good stocks to buy under $10:
Gentium SpA (NASDAQ: GENT), a biopharmaceutical company, headquartered in Villa Guardia (Como) – Italy, focused on research, development and manufacture of active ingredients derived from natural sources as potential therapeutic agents, was upgraded by analysts at ThinkEquity from a “sell” rating to a “buy” rating. GENT closed Monday, February 27, 2012 at $9.20, up +0.52 (+5.99%) on volume of 88,524. GENT is trading:
- 20.21% above its 50-Day Moving Average, 7.65,
- 38.85% above its 200-Day Moving Average, 6.63,
- in the middle of its 52-Week Range of 5.31 – 13.69,
- with a Short Ratio of 3.30
Fulton Financial (NASDAQ: FULT), a $16 billion financial holding company based in Lancaster, Pennsylvania that provides a wide range of financial products and personalized services in Pennsylvania, Maryland, Delaware, Virginia and New Jersey, was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. FULT closed Monday, February 27, 2012 at $9.88, up +0.29 (+3.02%) on volume of 1,728,215. FULT is trading:
- 1.43% above its 50-Day Moving Average, 9.74,
- 8.15% above its 200-Day Moving Average, 9.14,
- past the middle of its 52-Week Range of 7.18 – 11.91,
- with a Short Ratio of 1.80
Guggenheim now have a $11.50 price target on FULT, up previously from $10.50.
Republic Airways Holdings Inc. (NASDAQ: RJET), an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America, was upgraded by analysts at Avondale Partners from a “market perform” rating to an “outperform” rating. RJET closed Monday, February 27, 2012 at $5.29, up +0.22 (+4.34%) on volume of 398,218. RJET is trading:
- 5.11% above its 50-Day Moving Average, 5.03,
- 41.97% above its 200-Day Moving Average, 3.73,
- past the middle of its 52-Week Range of 2.47 – 6.49,
- with a Short Ratio of 24.70
SandRidge Energy Inc. (NYSE: SD), an oil exploration and production company headquartered in Oklahoma City, Oklahoma, was upgraded by analysts at Global Hunter Securities from an “accumulate” rating to a “buy” rating. SD closed Monday, February 27, 2012 at $8.78, down -0.03 (-0.34%) on volume of 22,363,730. SD is trading:
- 10.34% above its 50-Day Moving Average, 7.96,
- 19.67% above its 200-Day Moving Average, 7.34,
- in the middle of its 52-Week Range of 4.55 – 13.34,
- with a Short Ratio of 3.00
Global Hunter Securities now have a $13.00 price target on SD, up previously from $8.50.
Initiated Coverage
Black Diamond Inc. (NYSE: BDE), a global leader in the design, manufacturing and marketing of innovative active outdoor performance products for climbing, mountaineering, backpacking, skiing and other active outdoor recreation activities for a wide range of year-round use, is now covered by analysts at Piper Jaffray. BDE closed Monday, February 27, 2012 at $8.53, up +0.36 (+4.41%) on volume of 205,063. BDE is trading:
- 5.68% above its 50-Day Moving Average, 8.07,
- 11.21% above its 200-Day Moving Average, 7.67,
- past the middle of its 52-Week Range of 6.00 – 9.34,
- with a Short Ratio of 19.90
Piper Jaffray set an “overweight” rating and a $10.50 price target on BDE.
Lattice Semiconductor (NASDAQ: LSCC), the source for innovative FPGA, PLD, programmable Power Management and Clock Management solutions, is now covered by analysts at Lazard Capital. LSCC closed Monday, February 27, 2012 at $6.57, up +0.00 (+0.00%) on volume of 1,016,700. LSCC is trading:
- -1.69% below its 50-Day Moving Average, 6.68,
- 7.36% above its 200-Day Moving Average, 6.12,
- past the middle of its 52-Week Range of 4.70 – 7.38,
- with a Short Ratio of 2.40
Lazard Capital set a “buy” rating on LSCC.
O2Micro International Limited (NASDAQ: OIIM), designers, developers and marketers of innovative power management and e-commerce components and systems for the Communications, Computer, Consumer, Industrial, and Automotive markets, is now covered by analysts at Brigantine. OIIM closed Monday, February 27, 2012 at $5.20, up +0.00 (+0.00%) on volume of 44,837. OIIM is trading:
- 6.71% above its 50-Day Moving Average, 4.87,
- 15.25% above its 200-Day Moving Average, 4.51,
- below the middle of its 52-Week Range of 3.84 – 8.38,
- with a Short Ratio of 0.30
Brigantine set a “buy” rating on OIIM.
Fundamental company data provided by Capital IQ:
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