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A statement released earlier today by Needham about II-VI Incorporated (NDAQ:IIVI) raises the target price to $56.00

II-VI Incorporated (NDAQ:IIVI) had its target price raised to $56.00 by Needham in a report released 11/13/2017. The new target price indicates a possible upside of 0.18% based on the company's last stock close price.

Previously on 11/01/2017, B. Riley FBR reported about II-VI Incorporated (NDAQ:IIVI) raised the target price from $0.00 to $39.50. At the time, this indicated a possible downside of -0.11%.

Yesterday II-VI Incorporated (NDAQ:IIVI) traded 2.03% higher at $47.58. The company’s 50-day moving average is $41.33 and its 200-day moving average is $36.15. The last stock close price is up 25.03% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,984,149 shares of the stock were exchanged, up from an average trading volume of 689,978

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II-VI Incorporated (NDAQ:IIVI)

II-VI Incorporated has a 52 week low of $26.71 and a 52 week high of $46.50 with a P/E ratio of 30.54 The company’s market cap is currently $0.

In addition to Needham reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $23.75 with 0 firms rating the stock a strong buy, 2 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 II-VI Incorporated (NDAQ:IIVI)

II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names. The II-VI Photonics segment manufactures crystal materials, optics, microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. The II-VI Performance Products segment designs, manufactures and markets infrared optical components and high-precision optical assemblies for military, medical and commercial laser imaging applications.

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