Friday, October 4, 2013

Red Hat (RHT) Hits New 52-Week Low

Red Hat (RHT) hit a new 52-week low yesterday (02013.10.03) of $44.31 before ending the day at $44.91. RHT's 52-week high: $57.10. Red Hat's PSR (Price-Sales-Ratio) has dropped below 6. For comparison, AAPL (Apple) and MSFT (Microsoft) have PSRs of 2.6 and 3.6, respectively.

RHT has always been a pricey stock, so I'm not surprised it's struggling. Two days ago Forbes.com had a posting titled: "Open Source Is Good And All, But Proprietary Is Still Winning."

I don't have many RHT shares to sell; therefore, my next sale price remains $67.48.

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