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DTS Inc Shares Sinking Lower, Down 1.7%

Published on Tue, 01/29/2013 - 11:28
By Peter Chu

DTS Inc (NASDAQ:DTSI) is a company whose shares are active, trading 1.7% lower to $19.00. The Dow Jones Industrial Average is now trading 0.2% higher to 13,917 and the S&P is trading fractionally higher to 1,502.

DTS Inc (NASDAQ:DTSI) defies analysts with a current price ($19.00) 5.9% above its average consensus price target of $17.88. The stock should find resistance at its 200-day moving average (MA) of $22.43, as well as support at its 50-day MA of $16.57.

DTS, Inc. is a provider of digital multi-channel audio technology, products, and services for entertainment markets worldwide. The Company uses the technology in more than two speakers at once, targeted toward motion picture, home theater, and other consumer markets.

In the past 52 weeks, shares of DTS Inc have traded between a low of $13.90 and a high of $50.57 and are now at $19.00, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 0.7%.

By Peter Chu
pchu@fnno.com