A statement released earlier today by Williams Capital about Cree (NASDAQ:CREE) bumps the target price to $23.00
- Updated: September 30, 2016
Williams Capital bumped up the target of Cree (NASDAQ:CREE) to $23.00 stating a potential downside of -0.09%.
Boasting a price of $25.33, Cree (NASDAQ:CREE) traded 0.00% even on the day. With the last close down -0.56% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cree has recorded a 50-day average of $24.73 and a two hundred day average of $25.47. Volume of trade was down over the average, with 0 shares of CREE changing hands under the typical 1,071,650
Recent Performance Chart
Cree has 52 week low of $22.10 and a 52 week high of $32.92 and has a market capitalization of $0.
In addition to Williams Capital reporting its stock price target, a total of 9 brokerages have issued a ratings update on the company. The average stock price target is $26.28 with 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Cree (NASDAQ:CREE)
Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company's products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Company's Lighting Products segment offers LED lighting systems and bulbs. The Company's LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Company's Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.
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