Luxoft Holding Inc (NYSE:LXFT) Lowers The 52 Week Low

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Stranded freeimages.com/stephie

Luxoft Holding Inc (NYSE:LXFT)

December 5th, 2018
Amidst falling markets Luxoft Holding Inc fell $1.61 Tuesday, a 4.86% decline, closing at $31.54. As well as the drop in value, Luxoft Holding Inc hit a new 52 week low of $31.37, breaking the previous low of $31.58 from earlier this September.

LXFT was outperformed by the rest of the Information Technology sector which went down only 3.86%.

Results from 9 analysts suggest that Luxoft Holding Inc might grow significantly (39%), while Finbox has calculated (with high uncertainty) a fair value price of $41.36.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

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. Luxoft Holding, Inc. was founded in 2000 and is headquartered in Zug, Switzerland.

All amounts in USD unless otherwise indicated
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