SL Industries Inc (NYSEMKT:SLI) was the target of unusually large options trading on Thursday. Stock traders purchased 3,949 call options on the stock. This represents an increase of approximately 71% compared to the typical daily volume of 2,309 call options.
Several analysts have issued reports on SLI shares. Canaccord Genuity upgraded SL Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.25 to $14.00 in a research note on Wednesday. They noted that the move was a valuation call. Stifel Nicolaus upgraded SL Industries from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Roth Capital restated a “buy” rating and issued a $6.50 price objective (up previously from $3.77) on shares of SL Industries in a research note on Friday, July 16th.
NYSEMKT:SLI traded up $1.29 on Thursday, hitting $9.70. The company’s stock had a trading volume of 4,342,549 shares, compared to its average volume of 1,141,587. The firm has a 50 day simple moving average of $7.10.
SL Industries, Inc, through its subsidiaries, designs, manufactures and markets power electronics, motion control, power protection and power quality electromagnetic equipment, and custom gears and gearboxes. The Company operates through three segments. The SLPE segment designs, manufactures and markets power conversion products in internal and external footprints.
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