Super Micro Computer, Inc. (NASDAQ:SMCI) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 25, 2016
Boasting a price of $22.12, Super Micro Computer, Inc. (NASDAQ:SMCI) traded 3.12% higher on the day. With the last stock price close down -9.08% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Super Micro Computer, Inc. has recorded a 50-day average of $21.75 and a two hundred day average of $25.84. Volume of trade was up over the average, with 544,403 shares of SMCI changing hands over the typical 540,434
Zacks Investment Research has upgraded Super Micro Computer, Inc. (NASDAQ:SMCI) to Hold in a statement released on Wednesday September 21, 2016.
With a total market value of $0, Super Micro Computer, Inc. has PE ratio of 16.90 with a one year low of $18.60 and a one year high of $34.69 .
A total of 7 brokerages have issued a ratings update on Super Micro Computer, Inc.. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $36.71.
General Company Details For Super Micro Computer, Inc. (NASDAQ:SMCI)
Super Micro Computer, Inc. is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company's solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. The Company sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs). As of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.
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