Ossen Innovation Co., Ltd. (OSN) Reaches $3.84 52-Week High; Tide Point Capital Management LP Lifted Ambarella (AMBA) Stake By $15.12 Million

January 14, 2018 - By Hazel Jackson

Tide Point Capital Management Lp increased Ambarella Inc (AMBA) stake by 48.91% reported in 2017Q3 SEC filing. Tide Point Capital Management Lp acquired 308,564 shares as Ambarella Inc (AMBA)’s stock rose 13.63%. The Tide Point Capital Management Lp holds 939,465 shares with $46.04 million value, up from 630,901 last quarter. Ambarella Inc now has $1.83B valuation. The stock increased 0.46% or $0.25 during the last trading session, reaching $54.92. About 948,404 shares traded. Ambarella, Inc. (NASDAQ:AMBA) has risen 67.32% since January 14, 2017 and is uptrending. It has outperformed by 50.62% the S&P500.

The stock of Ossen Innovation Co., Ltd. (NASDAQ:OSN) hit a new 52-week high and has $4.08 target or 6.00% above today’s $3.84 share price. The 6 months bullish chart indicates low risk for the $25.36M company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $4.08 price target is reached, the company will be worth $1.52 million more. The stock increased 19.03% or $0.6148 during the last trading session, reaching $3.8448. About 341,854 shares traded or 392.75% up from the average. Ossen Innovation Co., Ltd. (NASDAQ:OSN) has declined 18.18% since January 14, 2017 and is downtrending. It has underperformed by 34.88% the S&P500.

Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the PeopleÂ’s Republic of China. The company has market cap of $25.36 million. It offers plain surface products, including plain surface prestressed concrete strands that are used as precast concrete plates on the riding surface of bridges; and unbonded plain surface PC strands for the construction of bridges and buildings. It has a 4.81 P/E ratio. The firm also provides plain surface PC wires and indented PC wires, which are used in the construction of buildings; helical rib PC wires for the construction of railway ties or sleepers, and buildings; and coated prestressed products comprising zinc coated PC products and rare earth coated PC products.

Since September 18, 2017, it had 0 buys, and 11 insider sales for $3.18 million activity. 5,592 shares were sold by Laplante George, worth $260,028. 6,467 shares were sold by Kohn Leslie, worth $300,716. Day Christopher had sold 2,618 shares worth $128,675. Shares for $540,749 were sold by Wang Feng-Ming. PAISLEY CHRISTOPHER B sold 2,000 shares worth $118,463. 11,340 shares were sold by Chen Yun-Lung, worth $678,132.

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