2 weeks Ago By Defense World Staff
IPG Photonics Co. ( NASDAQ:IPGP – Get Free Report ) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 1,510,000 shares, an increase of 14.
4% from the August 31st total of 1,320,000 shares. Approximately 5.8% of the company’s stock are sold short.
Based on an average trading volume of 256,700 shares, the days-to-cover ratio is currently 5.9 days. Analyst Ratings Changes IPGP has been the topic of several recent analyst reports.
Raymond James cut their price objective on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 31st.
Stifel Nicolaus reduced their target price on IPG Photonics from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st.
Finally, Benchmark downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.
com, IPG Photonics currently has an average rating of “Hold” and an average target price of $93.40. Get Our Latest Report on IPG Photonics Institutional Trading of IPG Photonics IPG Photonics Trading Down 0.
8 % Shares of IPG Photonics stock traded down $0.57 during trading hours on Monday, reaching $74.32.
The stock had a trading volume of 212,964 shares, compared to its average volume of 266,819. IPG Photonics has a twelve month low of $61.86 and a twelve month high of $111.
11. The firm has a market capitalization of $3.39 billion, a PE ratio of 19.
15 and a beta of 1.00. The stock’s 50 day moving average is $70.
88 and its 200 day moving average is $81.21. IPG Photonics ( NASDAQ:IPGP – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 30th.
The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.
03). The business had revenue of $257.60 million during the quarter, compared to analyst estimates of $259.
31 million. IPG Photonics had a net margin of 12.67% and a return on equity of 5.
99%. The firm’s revenue for the quarter was down 24.2% on a year-over-year basis.
During the same period in the previous year, the business posted $1.31 earnings per share. As a group, sell-side analysts predict that IPG Photonics will post 1.
38 earnings per share for the current year. About IPG Photonics ( Get Free Report ) IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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