GigPeak Inc (NYSE:GIG) has been upgraded to Buy in a statement by TheStreet earlier today.
- Updated: October 8, 2016
TheStreet has upgraded GigPeak Inc (NYSE:GIG) to Buy in a statement released on 10/04/2016.
On 9/21/2016, Zacks Investment Research released a statement on GigPeak Inc (NYSE:GIG) upped the target price from $0.00 to $2.50 that suggested an upside of 0.07%.
Having a price of $2.50, GigPeak Inc (NYSE:GIG) traded 2.36% higher on the day. With the last close up 12.85% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GIG has recorded a 50-day average of $2.18 and a two hundred day average of $2.30. Trade Volume was up over the average, with 749,793 shares of GIG changing hands over the typical 507,509
Recent Performance Chart
GigPeak Inc has PE ratio of 96.30 with a one year low of $1.63 and a one year high of $3.42 and has a market capitalization of $0.
A total of 8 analysts have released a report on GigPeak Inc. zero analysts rating the company a strong buy, eight analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $4.19.
General Company Details For GigPeak Inc (NYSE:GIG)
GigPeak, Inc., formerly GigOptix, Inc. is a semiconductor designer, developer and supplier of a range of analog, digital and mixed signal components to enable information streaming over the telecom networks, datacom infrastructure and consumer electronics links. The Company's business is made up of two product lines: High-Speed Communications (HSC) product line and Industrial product line. The Company's product portfolio provides solutions in markets, such as fiber-optics telecom, wireless backhaul, data communication and consumer electronics, mil-aero, instrumentation and medical equipment for applications, such as linecards and transponders, active optical cables and pluggables, point-to-point wireless radios, military electronic warfare systems, avionics electronics, global positioning system (GPS) systems and diverse medical equipment, such as ultrasound imaging, X-Ray, magnetic resonance imaging (MRI), computed tomography (CT) scan and defibrillators.
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