MRV Communications, Inc. (NASDAQ:MRVC) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 16, 2016
Zacks Investment Research has downgraded MRV Communications, Inc.(NASDAQ:MRVC) to Hold in a statement released on Wednesday August 17 2016.
Previously on 3/14/2016, Northland Capital reported on MRV Communications, Inc.(NASDAQ:MRVC) lowered the target price from $20.00 to $15.00. At the time, this indicated a possible upside of 0.61%.
Only yesterday MRV Communications, Inc. (NASDAQ:MRVC) traded 0.41% lower at $12.57. MRV Communications, Inc.’s 50-day average is $12.39 and its two hundred day moving average is $10.93. The last close is up 10.58% from the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the same time period. Volume of trade was was up over the average, with 36,361 shares of MRVC changing hands over the typical 14,718 shares..
MRV Communications, Inc. has a 52 week low of $8.75 and a 52 week high of $17.67. MRVC’s market capitalization is currently $0.0.
A total of 1 analysts has reported on the stock. Zero rate the company a strong buy, one analyst rate the stock a buy, 0 firms rate the company a hold, 0 rate the company to underperform, and lastly 0 firmsrate the stock as sell with a consensus target price of $15.00
Brief Synopsis About MRV Communications, Inc. (NASDAQ:MRVC)
MRV Communications, Inc. (MRV) is a supplier of communications solutions to telecommunications service providers, enterprises and governments throughout the world. The Company’s products enable customers to provide high-bandwidth data, and video services and mobile communications services. The Company operates through Network Equipment segment. Its Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments and telecommunications service providers. Its products include switches, optical transport platforms, physical layer products and out-of-band management products, and specialized networking products. MRV markets and sells its products, through a range of channels, which include a direct sales force, manufacturers’ representatives, value-added-resellers, distributors and systems integrators. The Network Equipment business includes two business units: Optical Communications Systems division and Appointech, and Inc.
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