Stock Worth Mentioning: Is Selling 52-Week Stock Like Safeguard Scientifics, Inc a Winning Strategy?

Stock Worth Mentioning: Is Selling 52 Week Stock Like Safeguard Scientifics, Inc a Winning Strategy?

The stock of Safeguard Scientifics, Inc (NYSE:SFE) hit a new 52-week low and has $9.70 target or 13.00% below today’s $11.15 share price. The 8 months bearish chart indicates high risk for the $222.79M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $9.70 price target is reached, the company will be worth $28.96M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 4.29% or $0.5 on November 3, hitting $11.15. About 37,145 shares traded hands. Safeguard Scientifics, Inc (NYSE:SFE) has declined 15.70% since April 1, 2016 and is downtrending. It has underperformed by 16.92% the S&P500.

Safeguard Scientifics, Inc (NYSE:SFE) Ratings Coverage

Out of 2 analysts covering Safeguard Scientifics (NYSE:SFE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Safeguard Scientifics has been the topic of 3 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Barrington Research with “Outperform” on Tuesday, July 21. On Wednesday, August 5 the stock rating was upgraded by Zacks to “Sell”.

According to Zacks Investment Research, “Safeguard Scientifics, Inc. is a diversified information technology company that develops, operates and manages emerging growth information technology companies. The company is currently focusing on emerging opportunities in eCommerce, enterprise applications, and network infrastructure, all of which are expected to benefit from the growing use of the Internet as a fundamental business tool. The company works closely with our partnership companies to provide numerous operational and management services to build value in preparation for public rights offerings and beyond.”

Insitutional Activity: The institutional sentiment increased to 1.76 in Q2 2016. Its up 0.43, from 1.33 in 2016Q1. The ratio improved, as 2 funds sold all Safeguard Scientifics, Inc shares owned while 23 reduced positions. 11 funds bought stakes while 33 increased positions. They now own 15.00 million shares or 1.94% less from 15.29 million shares in 2016Q1.
Moreover, Yakira Capital Inc has 2.32% invested in Safeguard Scientifics, Inc (NYSE:SFE) for 491,143 shares. Moreover, Da Davidson And has 0% invested in Safeguard Scientifics, Inc (NYSE:SFE) for 600 shares. The Massachusetts-based Granahan Incorporated Ma has invested 0.44% in Safeguard Scientifics, Inc (NYSE:SFE). Pembroke Mngmt Limited has 100,000 shares for 0.11% of their US portfolio. Schwab Charles Invest Inc accumulated 73,053 shares or 0% of the stock. Endurance Wealth reported 900 shares or 0% of all its holdings. Moreover, Dnb Asset Mgmt As has 0% invested in Safeguard Scientifics, Inc (NYSE:SFE) for 27,558 shares. Ladenburg Thalmann Fincl Svcs last reported 0% of its portfolio in the stock. State Street holds 0% or 333,485 shares in its portfolio. Lba Wealth Llc has 32 shares for 0% of their US portfolio. Pinebridge Lp holds 8,591 shares or 0.01% of its portfolio. Mycio Wealth Prtnrs Limited Liability has 0% invested in the company for 1,184 shares. Envestnet Asset Management accumulated 0% or 1,553 shares. Blackrock Invest Mgmt Ltd Co last reported 87,086 shares in the company. Blackrock Ltd holds 123,066 shares or 0% of its portfolio.

Insider Transactions: Since September 13, 2016, the stock had 2 insider buys, and 0 selling transactions for $74,616 net activity. ZARRILLI STEPHEN T had bought 3,900 shares worth $49,742 on Tuesday, September 13.

More recent Safeguard Scientifics, Inc (NYSE:SFE) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 11, 2010. Also Quotes.Wsj.com published the news titled: “News Safeguard Scientifics Inc.SFE” on February 14, 2011. Prnewswire.com‘s news article titled: “Safeguard Scientifics Announces Webcast Details For New York City Investor …” with publication date: September 29, 2016 was also an interesting one.

SFE Company Profile

Safeguard Scientifics, Inc., incorporated on September 11, 1953, provides capital, as well as strategic, operational and management resources to growth-stage businesses. The Firm participates in early- and growth-stage financings. The Firm operates through two divisions: Healthcare and Technology. The Healthcare segment’s companies focuses principally on medical technology (MedTech), including diagnostics and devices, and healthcare technology (HealthTech). The Technology segment’s companies focuses principally on digital media, financial technology (FinTech), and enterprise software, including mobile technology, cloud, Internet of Things (IoT) and big data. The Firm holds interests in approximately 30 non-consolidated partner companies, which are included in the Healthcare and Technology divisions.

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