Tag: acorn

Forecasts for Amphenol and Acorn International

$ APH- Amphenol Corporation, last closed at 46.51- Bullish (medium term)

Amphenol Corporation is a major producer of electronic and fibre optic connectors, cable and interconnect systems such as coaxial cables. Amphenol is a portmanteau from the corporation’s original name, American Phenolic Corp

Amphenol has seen a fluctuation in its share prices, after it fell from weekly high of $60.54. It was trading at a day’s high of $41.27 before the closing session. However, sentiments for the company remain high as the company forecasted a high increase in its overall sales from $1.380 billion to $1.420 billion, an increase from 4% to 7% in the first quarter of 2016. Analysts and investors look into as a bullish trend for the company’s stock price as relative growth would be seen for the company.

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