Align Technology, Inc. (NASDAQ:ALGN) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Having a price of $90.43, Align Technology, Inc. (NASDAQ:ALGN) traded 0.73% higher on the day. With the last close up 8.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Align Technology, Inc. has recorded a 50-day average of $92.94 and a two hundred day average of $83.44. Volume of trade was down over the average, with 499,942 shares of ALGN changing hands under the typical 736,418
Zacks Investment Research has downgraded Align Technology, Inc. (NASDAQ:ALGN) to Hold in a statement released on Wednesday October 12, 2016.
On 10/3/2016, Robert W. Baird released a statement on Align Technology, Inc. (NASDAQ:ALGN) upped the target price from $0.00 to $96.00 that suggested an upside of 0.02%.
With a total market value of $0, Align Technology, Inc. has price-earnings ratio of 44.03 with a one year low of $55.32 and a one year high of $96.90 .
A total of 10 equity analysts have released a ratings update on ALGN. Seven equity analysts rating the company a strong buy, four equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $82.80.
Brief Synopsis About Align Technology, Inc. (NASDAQ:ALGN)
Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Express/Lite, Teen, Assist and Vivera Retainers, along with its training and ancillary products for treating malocclusion. The Scanner segment consists of intra-oral scanning systems and other services available with the intra-oral scanners that provide digital alternatives to the traditional cast models. The Company's iTero scanner is used by dental professionals, and labs and services for restorative and orthodontic digital procedures, as well as Invisalign digital impression submission.
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