Sony Sees Unusually Large Options Volume (SNE)
Sony Corp (NYSE:SNE) saw some unusual options trading activity on Monday. Traders purchased 1,188 put options on the company. This represents an increase of 814% compared to the typical daily volume of 130 put options.
Sony (NYSE:SNE) opened at $44.91 on Thursday. The firm has a market cap of $57,050.00, a price-to-earnings ratio of 25.72 and a beta of 1.78. Sony has a fifty-two week low of $27.91 and a fifty-two week high of $48.33. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17.
A number of equities analysts recently weighed in on SNE shares. Jefferies Group restated a “buy” rating and set a $45.74 target price on shares of Sony in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Citigroup downgraded shares of Sony from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.60 to $39.93 in a report on Monday, September 11th. Morgan Stanley downgraded shares of Sony from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Finally, Credit Suisse Group downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Sony has an average rating of “Buy” and a consensus target price of $46.94.
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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