Cree, Inc. (NASDAQ:CREE) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 10, 2016
Boasting a price of $25.47, Cree, Inc. (NASDAQ:CREE) traded 0.71% higher on the day. With the last stock price close up 1.02% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cree, Inc. has recorded a 50-day average of $24.61 and a two hundred day average of $25.21. Volume of trade was down over the average, with 403,907 shares of CREE changing hands under the typical 1,058,290
Zacks Investment Research has downgraded Cree, Inc. (NASDAQ:CREE) to Sell in a statement released on 10/10/2016.
On 9/30/2016, Williams Capital released a statement for Cree, Inc. (NASDAQ:CREE) bumped up the target price from $0.00 to $23.00 that suggested a downside of -0.09%.
With a total market value of $0, Cree, Inc. has with a one year low of $22.10 and a one year high of $32.92 .
A total of 9 equity analysts have released a ratings update on CREE. Two equity analysts rating the company a strong buy, three equity analysts rating the company a buy, ten equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $26.28.
Brief Synopsis About Cree, Inc. (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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