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Pacific Crest downgraded Nanometrics (NASDAQ:NANO) from Overweight to Sector Weight in a report released today.

Pacific Crest has downgraded Nanometrics (NASDAQ:NANO) from Overweight to Sector Weight in a report released on 10/12/2016.

Yesterday Nanometrics (NASDAQ:NANO) traded -4.42% lower at $21.39. The company’s 50-day moving average is $21.37 and its 200-day moving average is $19.32. The last stock close price is up 10.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 151,021 shares of the stock were exchanged, up from an average trading volume of 139,802

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Nanometrics (NASDAQ:NANO)

Nanometrics has a 52 week low of $12.50 and a 52 week high of $23.61 with a P/E ratio of 62.36 The company’s market cap is currently $0.

In addition to Pacific Crest reporting its stock price target, a total of 4 brokers have issued a report on the company. The average stock price target is $23.25 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Nanometrics (NASDAQ:NANO)

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems. The Company's automated and integrated systems address process control applications, including critical dimension and film thickness measurement, device topography, defect inspection, and analysis of various other film properties, such as optical, electrical and material characteristics. The Company's process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications.

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