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A report released today by Citigroup about Advanced Energy (NASDAQ:AEIS) ups the target price to $50.00

Indicating a possible upside of 0.05%, Citigroup bumped up the target of Advanced Energy (NASDAQ:AEIS) to $50.00

Yesterday Advanced Energy (NASDAQ:AEIS) traded -0.59% lower at $47.45. The company’s 50-day moving average is $45.70 and its 200-day moving average is $39.43. The last stock close price is up 19.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 9,519 shares of the stock were exchanged, down from an average trading volume of 272,392

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Advanced Energy (NASDAQ:AEIS)

Advanced Energy has a 52 week low of $24.25 and a 52 week high of $48.59 with a P/E ratio of 18.08 The company’s market cap is currently $0.

In addition to Citigroup reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $34.60 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Advanced Energy (NASDAQ:AEIS)

Advanced Energy Industries, Inc. provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement. It operates through Precision Power segment. Its process power products enable manufacturing processes that use thin films for various products, such as semiconductor devices, flat panel displays, thin film renewables, hard and industrial coatings and architectural glass. It also supplies power control modules for controlling thermal processes, and thermal instrumentation products for temperature measurement, both of which provide solutions for thin film semiconductor, thin film industrial and heavy industry. Its remote plasma sources are used in the thin films processing industries and in gas abatement applications.

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