Spectrum Brands Holdings, Inc. (SPB) Reaches $102.79 After 6.00% Down Move; Vicon Industries (NYSEAMERICAN:VII) Shorts Increased By 83.3%

February 15, 2018 - By Vivian Currie

The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) is a huge mover today! The stock decreased 2.60% or $2.74 during the last trading session, reaching $102.79. About 174,815 shares traded. Spectrum Brands Holdings, Inc. (NYSE:SPB) has risen 10.42% since February 15, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.The move comes after 9 months negative chart setup for the $5.95 billion company. It was reported on Feb, 15 by Barchart.com. We have $96.62 PT which if reached, will make NYSE:SPB worth $357.00M less.

Vicon Industries Incorporated (NYSEAMERICAN:VII) had an increase of 83.3% in short interest. VII’s SI was 87,800 shares in February as released by FINRA. Its up 83.3% from 47,900 shares previously. With 202,700 avg volume, 0 days are for Vicon Industries Incorporated (NYSEAMERICAN:VII)’s short sellers to cover VII’s short positions. The SI to Vicon Industries Incorporated’s float is 1.29%. The stock increased 7.14% or $0.03 during the last trading session, reaching $0.38. About 371,934 shares traded. Vicon Industries, Inc. (NYSEAMERICAN:VII) has declined 31.94% since February 15, 2017 and is downtrending. It has underperformed by 48.64% the S&P500.

Vicon Industries, Inc. designs, assembles, and markets video management systems and system components for use in security, surveillance, safety, and communication applications worldwide. The company has market cap of $6.58 million. The companyÂ’s product line comprises various video system elements, including cameras for image capture and stand-alone network video management system software, as well as various video recording, storage, management, and output devices and peripherals; analog, digital, and high definition megapixel cameras for fixed and robotic positioning applications; and other video system components, such as video encoders decoders and monitors, camera lenses, housings and mounts, matrix video switchers and controls, and various video transmission devices. It currently has negative earnings. The Company’s products are used by commercial and industrial users comprising office buildings, manufacturing plants, warehouses, apartment complexes, shopping malls, and retail stores; federal, state, and local governments for national security purposes, agency facilities, prisons, and military installations; and financial institutions that include banks, clearing houses, brokerage firms, and depositories for security purposes.

Spectrum Brands Holdings, Inc. manufactures, markets, and/or distributes consumer products worldwide. The company has market cap of $5.95 billion. It operates through five divisions: Global Batteries & Appliances, Hardware & Home Improvement, Global Pet Supplies, Home and Garden, and Global Auto Care. It has a 15.37 P/E ratio. The firm offers batteries; battery-powered portable lighting products; small kitchen and home appliances; personal care products; hinges; security, garage door, and window hardware products; floor protection products; residential lockset and door hardware products; commercial door, lock, and hardware products; and plumbing products.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.18, from 0.98 in 2017Q2. It dropped, as 48 investors sold Spectrum Brands Holdings, Inc. shares while 84 reduced holdings. 37 funds opened positions while 68 raised stakes. 27.23 million shares or 1.77% more from 26.76 million shares in 2017Q2 were reported. National Bank Of Ny Mellon has 225,218 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 9,636 shares or 0.01% of its portfolio. 14,719 were reported by Manufacturers Life The. 3,200 were accumulated by Laurion Cap Mgmt L P. Fmr Limited Company stated it has 0.03% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Pinnacle Associate holds 0.01% or 3,887 shares in its portfolio. Massachusetts-based Martingale Asset Mgmt Lp has invested 0.01% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Moreover, Meiji Yasuda Asset Mgmt Com Ltd has 0.03% invested in Spectrum Brands Holdings, Inc. (NYSE:SPB). Moreover, British Columbia Inv Management Corp has 0% invested in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 3,314 shares. Tourbillon Prtn Lp owns 2.46M shares. Duncker Streett And reported 0% in Spectrum Brands Holdings, Inc. (NYSE:SPB). Pitcairn, a Pennsylvania-based fund reported 2,078 shares. Paloma Prns accumulated 5,100 shares. Sandy Spring Bancshares holds 35 shares or 0% of its portfolio. Cadence Mngmt Ltd reported 5,490 shares.

Among 14 analysts covering Spectrum Brands (NYSE:SPB), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Spectrum Brands had 46 analyst reports since August 6, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of SPB in report on Wednesday, June 21 with “Buy” rating. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) earned “Buy” rating by RBC Capital Markets on Monday, April 24. RBC Capital Markets maintained it with “Buy” rating and $155.0 target in Thursday, October 12 report. Deutsche Bank maintained Spectrum Brands Holdings, Inc. (NYSE:SPB) rating on Friday, February 9. Deutsche Bank has “Buy” rating and $4.49 target. The rating was maintained by Monness Crespi & Hardt with “Buy” on Thursday, September 29. Jefferies maintained the stock with “Buy” rating in Wednesday, January 3 report. The firm has “Buy” rating given on Thursday, October 13 by Jefferies. As per Thursday, July 6, the company rating was maintained by Jefferies. The firm has “Buy” rating by Deutsche Bank given on Monday, July 31. On Friday, July 28 the stock rating was maintained by Jefferies with “Buy”.

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By1 Vivian Currie

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