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ValuEngine upgraded NeoPhotonics Corp (NYSE:NPTN) to Sell in a report released today.

Only yesterday NeoPhotonics Corp (NYSE:NPTN) traded 6.43% higher at $9.12. NeoPhotonics Corp’s 50-day moving average is $5.57 and its two hundred day average is $7.32. With the last stock price up -25.44% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 2,332,265 shares of NPTN traded hands, up from an average trading volume of 1,376,350

ValuEngine has upgraded NeoPhotonics Corp (NYSE:NPTN) to Sell in a report released on Friday June 02, 2017.

Previously on Thursday May 25, 2017, Rosenblatt Securities reported on NeoPhotonics Corp (NYSE:NPTN) increased the target price from $0.00 to $13.00. At the time, this indicated a possible upside of 0.45%.

Recent Performance Chart

NeoPhotonics Corp (NYSE:NPTN)

NeoPhotonics Corp has 52 week low of $4.61 and a 52 week high of $15.68 and has a market capitalization of $0.

In addition to ValuEngine reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $16.25 with 1 broker rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On NeoPhotonics Corp (NYSE:NPTN)

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks. The Company's products are categorized into groups, including High Speed Products and Network Products and Solutions. The High Speed Products includes products designed for 100G and beyond for telecommunication and datacenter or content provider networks and applications. Its Network Products and Solutions consist of various products designed for applications below 100G, and include 40G products. The Company combines its transmitter and receiver products into Transceiver modules.

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