Shares of Audience, Inc. (NASDAQ:ADNC), which manufactures chips used in Apple Inc.(NASDAQ:AAPL) ‘s iPhone, increased in debut, emphasizing investors’ appetite for technology stocks in a weak IPO market.
Audience sells its products, which increased the voice quality in mobile devices by filtering out background noise, to Apple’s agreement manufacturers like Foxconn International Holdings Ltd and Protek Ltd.
President of IPO research site IPOdesktop.com, Francis Gaskins stated that it is an emotional spill-over effect people are expecting significant revenue from its links with the iPhone.
Turning towards the sector Hewlett-Packard Company (NYSE:HPQ) rose +0.77%, Google Inc (NASDAQ:GOOG) rose +0.74%, Amazon.com, Inc. (NASDAQ:AMZN) moved up +1.66%, Mastercard Inc (NYSE:MA) surged +0.04%, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) which also decreased -0.03% and Chipotle Mexican Grill, Inc. (NYSE:CMG) advanced +1.43%.
Apple Inc. (NASDAQ:AAPL) after opening at $574.58 hit high price of $575.88 and then closed at $570.52 by surging 0.24% and on last session volume of 11.90 million shares was surprisingly lower than its average volume of 24.99 million shares.
The stock price volatility was 2.07% for a week and 2.76% for a month as well as price volatility’s Average True Range for 14 days was 16.49 and its beta remained 1.24.
The liquidity measure in recent quarter results of the company was recorded 1.58 as current ratio and on the other side the debt to equity ratio and long-term debt to equity ratio also remained at flat. The Company had total cash at hand $28.54 billion and a book value per share as $109.63 in the most recent quarter.
AAPL generated revenue of 142.36 billion in the following twelve months and earned $38.62 billion. The Company showed a positive 27.13% in the net profit margin and as well as in its operating margin which remained 35.69%. Company’s annual sales growth for the past five year was 41.16%.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL