user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 1063276 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Anadigics Down 18.3%, Shares Slide into the Red (ANAD)

Published on Thu, 08/07/2014 - 12:08
By Adrienne Chilton

Anadigics (NASDAQ:ANAD) is one of today's worst performing penny stocks, down 18.3% to $0.63 on 1.9x average daily volume. Anadigics has traded 2.3 million shares thus far today, vs. average volume of 1.2 million shares per day. The stock has underperformed the Dow (-18.5% to the Dow's -0.4%) and underperformed the S&P 500 (-18.5% to the S&P's -0.4%) during today's trading.

ANADIGICS, Inc. designs and manufactures radio frequency integrated circuit solutions for the broadband and wireless communications markets. The Company's products enable manufacturers of communications equipment to enhance overall system performance, manufacturing costs, and time to market.

Anadigics share prices have moved between a 52-week high of $2.20 and the current low of $0.57 and are currently at $0.63 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 2.1%.

Anadigics (NASDAQ:ANAD) has potential upside of 93.9% based on a current price of $0.63 and analysts' consensus price target of $1.22. The stock should find initial resistance at its 50-day moving average (MA) of $0.98 and further resistance at its 200-day MA of $1.55.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Shares of XPO Logistics Rise to a New 52...

Shares of XPO Logistics (NYSE:XPO) traded at a new 52-week high today of $39.92. So fa ...

Recent 52-Week High Exceeded in Shares o...

Shares of U.S. Steel (NYSE:X) traded at a new 52-week high today of $46.55. Approximat ...

Shares of VCA Antech Rise to a New 52-We...

Shares of VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $42.14. So fa ...

Watch for Continued Gains in Shares of W...

Shares of Waste Management (NYSE:WM) traded at a new 52-week high today of $47.50. App ...

VF Corp: 52-Week High Recently Eclipsed ...

VF Corp (NYSE:VFC) traded today at a new 52-week high of $66.72. This new high was rea ...

Shares of United Therapeutics Have Risen...

United Therapeutics (NASDAQ:UTHR) traded at a new 52-week high today of $130.44. This ...

Union Pacific: The Winning Streak Contin...

Union Pacific (NYSE:UNP) traded at a new 52-week high today of $109.35. Approximately ...

Tuesday Morning Looks to Continue to Tra...

Tuesday Morning (NASDAQ:TUES) traded at a new 52-week high today of $19.52. So far tod ...