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Syntel In Retrospect: Shares Up 5.4% Since Upgraded One Week Ago (SYNT)

Published on Wed, 03/27/2013 - 09:10
By Robert Cotter

Syntel was upgraded from Negative to Neutral by Susquehanna one week ago. The stock closed at $67.30, which is 5.4% higher than the price one week ago ($63.83).

Syntel, Inc. delivers custom outsourcing solutions through a broad spectrum of information technology and information technology-enabled services. The Company's services support entire systems and process lifecycles for clients in the Financial Services, Retail, Healthcare and Automotive industries. With over 3300 employees worldwide, Syntel is SEI/CMM level 5 and ISO 9001:2000 certified.

Syntel has overhead space with shares priced $66.86, or 2.4% below the average consensus analyst price target of $68.50. Syntel shares have support at the 50-day moving average (MA) of $59.99 and additional support at the 200-day MA of $59.25.

Syntel share prices have moved between a 52-week high of $67.77 and a 52-week low of $51.78 and are now trading 29% above that low price at $66.86 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

By Robert Cotter
rcotter@fnno.com