Knowles (KN) is Upgraded by Craig Hallum to Buy according to the research report released to the investors. The brokerage firm has raised the Price Target to $18 from a previous price target of $16 . Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Knowles Corporation has dropped 27.98% during the last 3-month period . Year-to-Date the stock performance stands at -43.4%.The company shares have dropped -40.39% from its 1 Year high price. On Jan 12, 2015, the shares registered one year high at $24.97 and the one year low was seen on Dec 21, 2015. The 50-Day Moving Average price is $15.04 and the 200 Day Moving Average price is recorded at $17.28.
Knowles Corporation (NYSE:KN) has lost 4.24% during the past week and dropped 16.69% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.44%. Knowles Corporation (NYSE:KN) has underperformed the index by 14.74% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of Knowles Corporation (NYSE:KN) ended Thursday session in red amid volatile trading. The shares closed down 0.38 points or 2.77% at $13.33 with 624,006 shares getting traded. Post opening the session at $13.63, the shares hit an intraday low of $13.19 and an intraday high of $13.74 and the price vacillated in this range throughout the day. The company has a market cap of $1,179 million and the number of outstanding shares have been calculated to be 88,439,130 shares. The 52-week high of Knowles Corporation (NYSE:KN) is $24.97 and the 52-week low is $12.74.
Currently the company Insiders own 1% of Knowles Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 49.79% . During last six month period, the net percent change held by insiders has seen a change of 26.49%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Macleod Donald, director of Knowles Corp, executed a transaction worth $238,800 on November 12, 2015. A total of 15,000 shares were purchased at an average price of $15.92. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Knowles Corporation is a supplier of advanced micro-acoustic, specialty components, and human interface solutions in the mobile communications, consumer electronics and medical technology, military, aerospace and other industrial markets. The Companys products include hearing aid components, micro-electro-mechanical systems (MEMs) microphones, speakers, receivers, transducers, capacitors and oscillators. The Company engineers and produces microphone designs for hearing aid applications and electronic devices. Its sub-miniature speaker designs are based on balanced armature technology, utilized in a range of audio and communication products. The Companys waterproof speaker designs are achieved by sealing the speaker element inside of a waterproof bellows assembly.