Wecast Network (WCST) Forms $1.86 Double Top; Minerals Tech (MTX) Shorts Lowered By 18.96%

July 17, 2017 - By marketbeat

Wecast Network Inc (WCST) formed double top with $1.93 target or 4.00% above today’s $1.86 share price. Wecast Network Inc (WCST) has $113.81M valuation. The stock increased 6.29% or $0.11 on July 14, reaching $1.86. About shares traded. Wecast Network Inc (NASDAQ:WCST) has risen 80.00% since July 17, 2016 and is uptrending. It has outperformed by 63.30% the S&P500.

Minerals Tech Incorporated (NYSE:MTX) had a decrease of 18.96% in short interest. MTX’s SI was 333,400 shares in July as released by FINRA. Its down 18.96% from 411,400 shares previously. With 121,000 avg volume, 3 days are for Minerals Tech Incorporated (NYSE:MTX)’s short sellers to cover MTX’s short positions. The SI to Minerals Tech Incorporated’s float is 0.96%. The stock decreased 0.61% or $0.45 on July 14, reaching $73. About shares traded. Minerals Technologies Inc (NYSE:MTX) has risen 31.01% since July 17, 2016 and is uptrending. It has outperformed by 14.31% the S&P500.

Among 3 analysts covering Minerals Technologies (NYSE:MTX), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Minerals Technologies had 7 analyst reports since August 31, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, March 24 by JP Morgan. JP Morgan downgraded Minerals Technologies Inc (NYSE:MTX) on Friday, December 2 to “Neutral” rating. On Monday, September 19 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. Wedbush maintained the shares of MTX in report on Tuesday, December 29 with “Outperform” rating. The stock of Minerals Technologies Inc (NYSE:MTX) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, October 13. The stock of Minerals Technologies Inc (NYSE:MTX) earned “Outperform” rating by Wedbush on Monday, August 31. The stock has “Neutral” rating by Wedbush on Thursday, May 12.

Minerals Technologies Inc. is a resource- and technology firm that develops, produces and markets a range of specialty mineral, mineral and synthetic mineral products and supporting systems and services around the world. The company has market cap of $2.55 billion. It operates through five divisions. It has a 19.27 P/E ratio. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate and processed mineral product quicklime (lime).

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