A week ago, Credit Suisse downgraded Logitech International from Neutral to Underperform. The stock closed at $7.24, which is 5.1% lower than the price one week ago ($7.63).
Logitech International has overhead space with shares priced $7.30, or 14.5% below the average consensus analyst price target of $8.54. The stock should run into initial resistance at its 50-day moving average (MA) of $7.34 and subsequent resistance at its 200-day MA of $8.78.
In the past 52 weeks, shares of Logitech International have traded between a low of $6.59 and a high of $11.47 and are now at $7.30, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
Logitech International S.A. manufactures personal computer input devices. The Company produces computer mice which help the user move the cursor around the computer screen quickly, trackballs, game controllers, keyboards, PC video cameras, and multimedia speakers. The Company sells its products worldwide.