Spreadtrum Corp Surges to All-Time High Territory

Spreadtrum Communications Inc. (SPRD) shares are currently trading at an all-time high territory above the $20.00 level. The ticker just printed the tape at $20.40 per share. There is no news in the name.

Over the last 52 weeks, SPRD has gained a whooping 243.64%. The stock currently trades at a trailing P/E of 26.48, a forward multiple of 12.99 and a P/E to Growth ratio of 0.64. Nearly 600,000 shares were in play as of 12:34 p.m. Est., compared to a daily average trading volume of 1.1 million.

The stock’s 50-day moving average is $17.36 and its 200-day moving average is $11.85. Look for these parameters to climb to confirm the company’s upward momentum.

At last check, SPRD shares were up 38 cents, or 1.90%, to $20.38.

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About Ron Haruni 1070 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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