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JMP Securities upgraded Cree Inc. (NDAQ:CREE) from Mkt Perform to Mkt Outperform in a statement released earlier today.

JMP Securities has upgraded Cree Inc. (NDAQ:CREE) from Mkt Perform to Mkt Outperform in a statement released on 5/22/2017. They are also stating a potential upside of 0%.

Yesterday Cree Inc. (NDAQ:CREE) traded 16.43% higher at $0.00. The company’s 50-day moving average is $26.85 and its 200-day moving average is $24.90. The last closing price is down 37.20% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 21,658,361 shares of CREE traded hands, up from an average trading volume of 1,572,330

Recent Performance Chart

Cree Inc. (NDAQ:CREE)

Cree Inc. has 52 week low of $20.50 and a 52 week high of $35.46 and has a market capitalization of $0.

In addition to JMP Securities reporting its stock price target, a total of 9 brokerages have issued a ratings update on the company. The average stock price target is $26.28 with 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Cree Inc. (NDAQ: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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