(NYSE:LXFT) Luxoft Holding Inc Sets 52 Week High Record

Luxoft Holding Inc (NYSE:LXFT)

June 11th, 2019

Amidst falling markets Luxoft Holding Inc closed Tuesday up 1.22%, a $0.71 increase to close on $58.97. Furthermore it hit a new 52 week high of $59.28. In addition to finishing higher, trading volumes were solid at 624.00% of normal which can indicate investors see opportunities.

LXFT outperformed the rest of the Information Technology sector which went up 0.02% today.

Forecasts from 6 analysts indicates that Luxoft Holding Inc might increase somewhat (1.37%), while Finbox has calculated (with high uncertainty) a fair value price of $59.68.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Consumer Staples saw the biggest increase of the day (0.41%), while the Industrials sector saw the biggest drop (-0.90%). Information Technology has seen the biggest year-to-date gain of 23.75%.

Industrials and Utilities saw turn-arounds from their five day positive performances with Industrials dropping -0.90%.

Sector Breakdown

  • Consumer Staples, up 0.41%.
  • Consumer Discretionary, up 0.33%.
  • Communication Services, up 0.29%.
  • Real Estate, up 0.18%.
  • Energy, up 0.12%.
  • Information Technology, up 0.02%.
  • Financials, stayed even 0.00%.
  • Materials, down -0.07%.
  • Healthcare, down -0.25%.
  • Utilities, down -0.69%.
  • Industrials, down -0.90%.

Luxoft Holding Inc Info

Luxoft Holding, Inc., together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services. Its products and platforms include Populus, a tool chain for human machine interface (HMI) design and development, and the deployment of automotive user interfaces for distributed embedded systems; Qt Automotive Suite, which enables developers to create stunning user experience and ease the integration toward the system backend; AllView, an user-experience demonstrator; software tools and consulting services focused on scheduling analysis, architecture optimization, and timing verification; Pelux, a base development platform; and ARP, an automotive hardware reference platform. It serves financial services, automotive and transport, healthcare and life sciences, travel and aviation, technology, telecom, energy, and other industries. The company operates in North America, Europe, Russia, the Asia-Pacific, and internationally. The company has a strategic partnership with Trend Micro Incorporated to develop intrusion detection systems and intrusion prevention systems to detect, mitigate, and respond to cyber-attacks on connected cars. Luxoft Holding, Inc. was founded in 2000 and is headquartered in Zug, Switzerland.

All amounts in USD unless otherwise indicated

LXFT daily update
LXFT daily update

Photo by Jeremy Cai on Unsplash

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