Zacks Investment Research downgraded Exar Corporation (NYSE:EXAR) to Sell in a report released today.
- Updated: November 29, 2016
Yesterday Exar Corporation (NYSE:EXAR) traded 0.50% higher at $10.13. The company’s 50-day moving average is $9.32 and its 200-day moving average is $8.58. The last stock close price is up 18.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 172,885 shares of the stock were exchanged, down from an average trading volume of 241,423
Zacks Investment Research has downgraded Exar Corporation (NYSE:EXAR) to Sell in a report released on 11/29/2016.
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Exar Corporation has a 52 week low of $4.82 and a 52 week high of $10.18 with a P/E ratio of 1,125.56 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $9.70 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Exar Corporation (NYSE:EXAR)
Exar Corporation (Exar) designs, develops and markets analog mixed-signal integrated circuits (ICs) and sub-system solutions. The Company's products are deployed in a range of applications, such as industrial, instrumentation and medical equipment, networking and telecommunication systems, servers, enterprise storage systems, flat panel displays, light emitting diode (LED) lighting solutions, set top boxes and digital video recorders. Exar's product portfolio includes connectivity, power management, high performance analog, communications, processors, flat panel display and LED lighting. The Company designs and develops amplifiers and data converters that support a range of signal path and conditioning needs of networking, industrial control and embedded applications. The Company markets its products to three primary markets, such as industrial and embedded systems, consumer and infrastructure.
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