Trade-Ideas: OmniVision Technologies (OVTI) Is Today's

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified OmniVision Technologies ( OVTI) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified OmniVision Technologies as such a stock due to the following factors:

  • OVTI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.5 million.
  • OVTI has traded 1.2 million shares today.
  • OVTI is down 3.1% today.
  • OVTI was up 15% yesterday.

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More details on OVTI:

OmniVision Technologies, Inc. designs, develops, manufactures, and markets semiconductor image-sensor devices worldwide. OVTI has a PE ratio of 14.5. Currently there are 3 analysts that rate OmniVision Technologies a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for OmniVision Technologies has been 1.2 million shares per day over the past 30 days. OmniVision has a market cap of $1.4 billion and is part of the technology sector and electronics industry. The stock has a beta of 2.17 and a short float of 9.3% with 2.80 days to cover. Shares are up 43% year-to-date as of the close of trading on Thursday.

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