ASXI LOL, lookit it go, from .37 to $1.37 in minutes, and right back down as they start to sell into it.
Looks like they bought today before 3pm, then put it out, then start to sell.
stockmarketpicks.com
Our new pick is Astrex, Inc. (ASXI).
ASXI currently trades at 11/32.
ASXI is a value-added distributor of electronic components used to
connect, control, regulate and store electricity in equipment. The
company's products include connectors, relays, switches, and LED's.
Revenues for the most recent quarter increased 12.8%. The increase
can be attributed to Astrex's intensified focus on international sales- an
area that will remain a focus. During the same quarter, ASXI increased
its net income 22% over the same quarter last year.
ASXI appears to be trading at an attractive price when compared to
others in its industry. As of Thursday's close, it is trading at just 60% of
its book value. A quick comparison to the ratios others in the field of
electronic instruments & controls:
Price/Sales Ratio: ASXI 0.14 vs. Industry 2.32
Price/Book Ratio: ASXI 0.66 vs. Industry 6.06
A look at the 1-year chart for ASXI signals an uptrend in the stock
price (see chart).
Important ASXI financial info: (as of 9/9)
Price: 11/32 (.3437)
Float: 400,000
52-Week Range: .25 - .38
Shares outstanding: 5.6 million
Be sure to read our disclaimer prior to investing in any of the stocks
that we profile.
Begin your ASXI research here.
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