Stocks in the Spotlight: Raytheon Company (NYSE:RTN) , OFS Capital Corporation (NASDAQ:OFS)

On 4/5/2017, Shares of Raytheon Company (NYSE:RTN) closed at $149.95 in last trading day. After noting the initial trading entry at $151.42, it reached to a day’s high of $152.64 and moved to a day’s low of $149.85. The recent daily volume was 1.6 million as contrast to it’s an average volume of 1.63 million.

Technical Indicators:

The last close of the Raytheon Company stock reflects that it traded -2.27% from its 50-day moving average of $153.44. The stock traded above +2.87% to its 200-day MA of $145.77. Furthermore, it moved lower -4.85% from its 52-week high of $157.59 and +20.20% up from $124.75, which is 52-week low of the stock.

During the last month, Raytheon Company’s (RTN) has changed -2.93% and performed 9.88% over the last 6 months. The mean rating score for this stock is at 1.80. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 1.17% in recent month and observed Weekly Volatility of 1.09%.

April 4, 2017 – Raytheon Company (RTN) successfully tested a new electric gun for the Phalanx® Close-In Weapon System. The upgrade allows soldiers and sailors to fire at varying rates, which uses less ammunition.

 

Phalanx is a rapid-fire, computer-controlled radar and 20 mm gun system that automatically acquires, tracks and destroys enemy threats that have penetrated all other ship defense systems. More than 890 systems have been built and deployed in navies around the world.

 

The goal of the live-fire test was to ensure the electric gun can operate despite the heavy vibrations that occur when Phalanx is fired. The new design replaces a pneumatic motor, compressor and storage tanks, reducing the system’s weight by 180 pounds. These changes also increase reliability and reduce operating costs.

 

“Phalanx is a weapon of last resort and the electric gun’s larger magazine will allow the U.S. and its allies to stay in the fight longer,” said Rick McDonnell, director of Raytheon’s Close-In Defense Solutions program.”

OFS Capital Corporation (NASDAQ:OFS) finalized the last transaction at value of $14.17, with a daily change of -0.42% or -0.06 points. The company maintained volume of 198.75 thousand shares. In past trading day, the stock hit the maximum price of $14.40 and touched to minimum value of $14.13.

Technical Indicators:

As of last trade close, the stock is trading  downside -7.02% from its one year high of $15.24 and moved +19.78% upward from $11.83, which is one year low of the stock.

The stock traded below -3.49% from its 50-day moving average of $14.68. Furthermore, the stock moved up +2.07% to its 200-day MA of $ 13.88.

OFS Capital Corporation’s (OFS) moved with shift of -5.41% in the past week. Over the last three months, the shares of the company have changed 1.75% and performed 8.76% over the last six months. The stock currently has Monthly Volatility of 1.96% and Weekly Volatility of 1.89%.

 

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