II-VI, Inc. (NASDAQ:IIVI) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Boasting a price of $24.13, II-VI, Inc. (NASDAQ:IIVI) traded -0.54% lower on the day. With the last stock price close up 22.64% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. II-VI, Inc. has recorded a 50-day average of $22.66 and a two hundred day average of $20.96. Volume of trade was up over the average, with 401,107 shares of IIVI changing hands over the typical 226,705
Zacks Investment Research has upgraded II-VI, Inc. (NASDAQ:IIVI) to Hold in a statement released on 10/5/2016.
On Tuesday August 02, 2016, Benchmark released a statement for II-VI, Inc. (NASDAQ:IIVI) bumped down the target price from $25.00 to $23.50 that suggested an upside of 0.10%.
With a total market value of $0, II-VI, Inc. has price-earnings ratio of 24.71 with a one year low of $16.09 and a one year high of $25.87 .
A total of 4 equity analysts have released a ratings update on IIVI. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, one equity analyst 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 $23.75.
Brief Synopsis About II-VI, Inc. (NASDAQ: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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