Sanmina (SANM) Showing Signs Of A Dead Cat Bounce Today

Trade-Ideas LLC identified Sanmina ( SANM) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Sanmina as such a stock due to the following factors:

  • SANM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.4 million.
  • SANM has traded 199,199 shares today.
  • SANM is up 3.2% today.
  • SANM was down 15.2% yesterday.

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More details on SANM:

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. SANM has a PE ratio of 6. Currently there are 2 analysts that rate Sanmina a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Sanmina has been 585,800 shares per day over the past 30 days. Sanmina has a market cap of $2.1 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.03 and a short float of 1.7% with 1.79 days to cover. Shares are up 20% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sanmina as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and compelling growth in net income. We feel its strengths outweigh the fact that the company shows low profit margins.

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