Goertek Inc. (002241)

What is Goertek Inc (002241) ?

Goertek Inc. is a company engaged in researching, developing, manufacturing and selling electro-acoustic components, optical components, electronic accessories and related products, the company distributes its products in the domestic and foreign markets. Was founded in 2001 and is headquartered in Weifang, People's Republic of China.

002241, is it a good pick?

On October 27th the company showed its latest results with an income of 22.5B, this amount was the same as the forecast. The following results are expected on March 30th and there is a forecast of 26.73B.

Technical analysis

From Dec 20th to Jan 4th the share price went up 13.87% to a price of $57.06. From Jan 4th to Feb 14th the share price went down -29.05% to a price of $40.73. From Feb 14th to Feb 18th the share price went up 9.39% to a price of $44.69. the MACD shows that the lines are crossing and the RSI is below the neutral zone, almost touching the oversold limit and the market is rising due to the diplomatic solution in the conflict with Ukraine, therefore the share price could rise around 6.49% to a price of $47.52.