Stocks to Track: Mellanox Technologies, Ltd. (NASDAQ:MLNX) , Gener8 Maritime, Inc. (NYSE:GNRT)

On 4/19/2017, Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) closed at $50.95 in last trading day. After noting the initial trading entry at $51.60, it reached to a day’s high of $51.90 and moved to a day’s low of $50.65. The recent daily volume was 463.45 thousand as contrast to it’s an average volume of 727.05 thousand.

Technical Indicators:

The last close of the Mellanox Technologies, Ltd. stock reflects that it traded up +0.96% from its 50-day moving average of $50.47. The stock traded above +12.20% to its 200-day MA of $45.41. Furthermore, it moved lower -3.50% from its 52-week high of $52.80 and +31.48% up from $38.75, which is 52-week low of the stock.

During the last month, Mellanox Technologies, Ltd.’s (MLNX) has changed -2.21% and performed 22.92% over the last 6 months. The mean rating score for this stock is at 2.30. 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 2.43% in recent month and observed Weekly Volatility of 2.63%.

April 18, 2017 Mellanox® Technologies, Ltd. (MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems,  announced that the ConnectX®-4 Lx 25Gb/s OCP and PCIe Ethernet adapters have been adopted by major ODMs. The ConnectX-4 Lx 25 gigabit Ethernet adapters provide 2.5 times the data throughput at lowest latency needed for data center applications while utilizing the same infrastructure as 10 gigabit Ethernet, thus maximizing the data center return on investment. The company is currently shipping hundreds of thousands of Ethernet adapters every quarter, reflecting a growing demand for Mellanox Ethernet solutions.

 

“We are proud to see our 25GbE solutions being deployed with our partner ODMs’ top-class servers, enabling the most cost-effective Ethernet connectivity for Hyperscale and cloud infrastructures,” said Gilad Shainer, vice president of marketing at Mellanox Technologies. “The state-of-the-art 25GbE speed provides superior price/performance advantages compared to 10GbE fabric, maximizing the data center return on investment.”

Gener8 Maritime, Inc. (NYSE:GNRT) finalized the last transaction at value of $5.36, with a daily change of -1.11% or -0.06 points. The company maintained volume of 438.34 thousand shares. In past trading day, the stock hit the maximum price of $5.56 and touched to minimum value of $5.35. It has a market cap of $ 444.67M.

Technical Indicators:

As of last trade close, the stock is trading  downside -38.74% from its one year high of $8.75 and moved +52.27% upward from $3.52, which is one year low of the stock.

The stock traded below -0.39% from its 50-day moving average of $5.38. Furthermore, the stock moved up +11.83% to its 200-day MA of $ 4.79.

Gener8 Maritime Inc.’s (GNRT) moved with shift of -10.96% in the past week. Over the last three months, the shares of the company have changed 18.06% and performed 6.35% over the last six months. The stock currently has Monthly Volatility of 4.33% and Weekly Volatility of 4.62%.

PE-backed operator of 46 oil tankers formed from General Maritime and Navig8 Crude.

 

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