Momentum Stocks Try To Beat Views: General Electric (NYSE:GE), QuickLogic (NASDAQ:QUIK)

General Electric Firm (NYSE:GE) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.93% to traded at $30.76 and the percentage gap among open changing to regular change was 0.42%. GE Power (GE) released that a alliance with Power Costs, Inc. (PCI), a privately-owned independent software firm, to connect plant asset and operational generation data from GE’s Digital Power Plant solutions with PCI’s energy planning and trading tools for more accurate and profitable energy trading and scheduling. GE will offer PCI’s suite of solutions, used in over half of energy trading transactions in North America, on the Predix operating system for the Industrial Internet.

The alliance signals GE Power’s continued commitment to deliver digital energy solutions to every part of the electricity value network, from machines to the market. Energy applications that address everything from machine reliability and uptime to fleet-wide operations are sold and delivered on GE’s Predix platform, a cloud-based platform purpose-built for developing, deploying, operating and monetizing Industrial Internet applications. The firm past twelve months price to sales ratio was 2.36 and price to cash ratio remained 5.18. As far as the returns are concern, the return on equity was recorded as 5.20% and return on investment was 0.90% while its return on asset stayed at 1.10%. The firm has total debt to equity ratio measured as 1.83.

QuickLogic Corporation (NASDAQ:QUIK) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -4.35% to close at $0.88 with the total traded volume of 157509 shares. QuickLogic Corporation (NASDAQ:QUIK) reported that it has joined GLOBALFOUNDRIES’ FDXcelerator™ Partner Program, a collaborative ecosystem that facilitates 22FDX® system-on-chip (SoC) design and reduces time-to-market for consumers.

“QuickLogic’s alliance with GLOBALFOUNDRIES adds a exclusive dimension to the FDX program by offering consumers ultra-low power embedded FPGA (eFPGA) Intellectual Property, complete software tools and a compiler,” stated Brian Faith, president and CEO at QuickLogic Corporation. “This new capability offers users with a high level of design and product flexibility which will help lower costs and allow products to be easily customized to meet various and evolving market requirements.”

“GLOBALFOUNDRIES’ FDXcelerator program is a comprehensive design ecosystem that offers consumers with the support and resources they need to get FDX™ FD-SOI technologies to market as quickly as possible,” stated Alain Mutricy, senior vice president of Product Management at GLOBALFOUNDRIES. The firm has institutional ownership of 21.40%, while insider ownership included 0.50%. Its price to sales ratio ended at 4.93. QUIK attains analyst recommendation of 2.00 with week performance of -7.37%.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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