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II-VI (NASDAQ:IIVI) target price raised to $40.00, released a report earlier today by Needham

Boasting a price of $33.25, II-VI (NASDAQ:IIVI) traded 1.81% higher on the day. With the last close down 13.42% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. II-VI has recorded a 50-day average of $36.51 and a two hundred day average of $34.65. Volume of trade was up over the average, with 757,247 shares of IIVI changing hands over the typical 591,645

Stating a potential upside of 0.20%, Needham bumped up the target of II-VI (NASDAQ:IIVI) to $40.00

Performance Chart

II-VI (NASDAQ:IIVI)

With a total market value of $0, II-VI has price-earnings ratio of 26.55 with a one year low of $22.31 and a one year high of $41.10 .

A total of 4 analysts have released a research note on IIVI. zero analysts rating the company a strong buy, two analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $23.75.

More About II-VI (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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