Price Action to Note: Could MRV Communications, Inc. Crash Even More? The Stock Just Made Yearly Low

Price Action to Note: Could MRV Communications, Inc. Crash Even More? The Stock Just Made Yearly Low

The stock of MRV Communications, Inc. (NASDAQ:MRVC) hit a new 52-week low and has $6.87 target or 13.00% below today’s $7.90 share price. The 6 months bearish chart indicates high risk for the $51.71 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $6.87 price target is reached, the company will be worth $6.72M 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. About 40,260 shares traded hands or 74.63% up from the average. MRV Communications, Inc. (NASDAQ:MRVC) has risen 11.70% since April 4, 2016 and is uptrending. It has outperformed by 10.61% the S&P500.

According to Zacks Investment Research, “MRV Communications, Inc. is a leading manufacturer and marketer of optical high speed networks that integrate switching, routing, remote access and fiber optic transmission systems. The company designs, manufactures and sells two groups of products: computer networking products, primarily Ethernet LAN routing switches, WAN and remote access devices and fiber optic components for the transmission of voice, video, and data across enterprise, telecommunications and cable TV networks.”

Insitutional Activity: The institutional sentiment decreased to 0.37 in 2016 Q2. Its down 0.50, from 0.87 in 2016Q1. The ratio fall, as 7 funds sold all MRV Communications, Inc. shares owned while 12 reduced positions. 0 funds bought stakes while 7 increased positions. They now own 2.71 million shares or 2.50% less from 2.78 million shares in 2016Q1.
Moreover, Goldman Sachs Group Incorporated has 0% invested in MRV Communications, Inc. (NASDAQ:MRVC) for 10,246 shares. Raging Capital Lc last reported 2.14M shares in the company. Tower Rech Capital Llc (Trc) has 379 shares for 0% of their US portfolio. Blackrock Advsr Lc holds 0% of its portfolio in MRV Communications, Inc. (NASDAQ:MRVC) for 422 shares. Geode Mgmt Lc last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na last reported 8,480 shares in the company. Renaissance Ltd Liability last reported 0% of its portfolio in the stock. Acadian Asset Mngmt Ltd Liability Com holds 5,700 shares or 0% of its portfolio. Morgan Stanley reported 21,149 shares or 0% of all its holdings. Highlander Capital Mngmt Ltd holds 0% of its portfolio in MRV Communications, Inc. (NASDAQ:MRVC) for 45 shares. Spark Inv Mgmt Ltd Com, a New York-based fund reported 45,600 shares. Creative Planning holds 0% or 837 shares in its portfolio. Vanguard Grp accumulated 0% or 126,500 shares. The Germany-based Deutsche Comml Bank Ag has invested 0% in MRV Communications, Inc. (NASDAQ:MRVC). Northern Tru accumulated 0% or 16,452 shares.

More recent MRV Communications, Inc. (NASDAQ:MRVC) news were published by: Businesswire.com which released: “MRV Communications Chosen as a Finalist in the Fierce Innovation Awards 2016 …” on November 03, 2016. Also Businesswire.com published the news titled: “MRV Communications and Sandvine to Demonstrate NFV-based Next Generation …” on November 03, 2016. Businesswire.com‘s news article titled: “MRV Communications, Inc. Agrees to Sell Source Photonics, Inc. Business Unit …” with publication date: October 27, 2010 was also an interesting one.

MRVC Company Profile

MRV Communications, Inc. (MRV), incorporated on March 9, 1992, is a supplier of communications solutions to telecommunications service providers, enterprises and governments throughout the world. The Company’s products enable clients to provide high-bandwidth data, and video services and mobile communications services. The Firm operates through Network Equipment segment. The Company’s Network Equipment segment designs, makes, sells and services equipment used by commercial customers, governments and telecommunications service providers. The Company’s products include switches, optical transport platforms, physical layer products and out-of-band management products, and specialized networking products. MRV markets and sells its products, through a variety of channels, which include a direct sales force, manufacturers’ representatives, value-added-resellers, distributors and systems integrators.

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