PowerShares DWA Industrials Momentum ETF (PRN) Forms $60.88 Double Top; Avid Technology (AVID) Has 1 Sentiment

PowerShares DWA Industrials Momentum ETF (PRN) formed double top with $62.71 target or 3.00% above today’s $60.88 share price. PowerShares DWA Industrials Momentum ETF (PRN) has $126.15M valuation. The ETF decreased 0.34% or $0.206 during the last trading session, reaching $60.879. About 4,579 shares traded. PowerShares DWA Industrials Momentum ETF (NASDAQ:PRN) has risen 13.97% since December 27, 2016 and is uptrending. It has underperformed by 2.73% the S&P500.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $242.17 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

The stock decreased 0.17% or $0.01 during the last trading session, reaching $5.88. About 520,536 shares traded or 11.09% up from the average. Avid Technology, Inc. (AVID) has declined 5.06% since December 27, 2016 and is downtrending. It has underperformed by 21.76% the S&P500.

Blum Capital Partners Lp holds 100% of its portfolio in Avid Technology, Inc. for 6.56 million shares. Cove Street Capital Llc owns 6.79 million shares or 3.44% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 1.92% invested in the company for 271,144 shares. The New York-based Harvey Partners Llc has invested 0.55% in the stock. Private Capital Management Llc, a Florida-based fund reported 771,010 shares.

Analysts await Avid Technology, Inc. (NASDAQ:AVID) to report earnings on March, 22. They expect $0.23 earnings per share, down 14.81% or $0.04 from last year’s $0.27 per share. AVID’s profit will be $9.47M for 6.39 P/E if the $0.23 EPS becomes a reality. After $0.04 actual earnings per share reported by Avid Technology, Inc. for the previous quarter, Wall Street now forecasts 475.00% EPS growth.