ACTS Stock – Quick Win: 11.11% Return in 7 Days

ACTS Stock – Quick Win

On August 10th, 2015, The I Know First algorithm gave a bullish signal of 4.41 for the ticker ACTS (Actions Semiconductor Co., Ltd), which had a strong predictability indicator of 0.2. In accordance with the algorithm’s prediction, ACTS spiked 11.11% in the following 7 days.

ACTS Stock

Actions Semiconductor Co., Ltd. (ACTS) is one of China’s leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics.

On Friday the company reported its Q2 financial results than ended June 30, 2015, and they were quite positive and promising for the future. Revenue for this quarter was $13.7 million, coming in at the high end of the company’s expectations and up 14% from $12 million in the second quarter of 2014. Gross margin was 25.7%, up from 23.5% in the first quarter of 2015, and up significantly from 18.4% in the second quarter of 2014. CEO Zhenyu Zhou stated “Looking ahead, we continue to anticipate revenue growth in 2015 but at a slower pace than our previous expectations”. Following that news, stock price went up by 9%.