Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) shares saw unusually-strong trading volume on Thursday . Approximately 162,399 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 169,997 shares.The stock last traded at $31.77 and had previously closed at $31.87.

Several analysts have issued reports on RSTI shares. Northcoast Research downgraded Rofin-Sinar Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, March 21st. Zacks Investment Research raised Rofin-Sinar Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.67.

The firm’s 50-day moving average is $31.87 and its 200 day moving average is $28.29. The company has a market capitalization of $901.14 million and a P/E ratio of 27.03.

Rofin-Sinar Technologies (NASDAQ:RSTI) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.22. The business had revenue of $110.60 million for the quarter, compared to analyst estimates of $119.08 million. The company’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, equities analysts expect that Rofin-Sinar Technologies Inc. will post $1.12 earnings per share for the current fiscal year.

Other hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of Rofin-Sinar Technologies by 0.4% in the fourth quarter. Nationwide Fund Advisors now owns 45,509 shares of the company’s stock worth $1,219,000 after buying an additional 159 shares during the period. California State Teachers Retirement System boosted its stake in shares of Rofin-Sinar Technologies by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 52,221 shares of the company’s stock worth $1,398,000 after buying an additional 918 shares during the period. American Century Companies Inc. boosted its stake in shares of Rofin-Sinar Technologies by 42.1% in the fourth quarter. American Century Companies Inc. now owns 62,008 shares of the company’s stock worth $1,661,000 after buying an additional 18,373 shares during the period. First Trust Advisors LP boosted its stake in shares of Rofin-Sinar Technologies by 7.2% in the fourth quarter. First Trust Advisors LP now owns 73,717 shares of the company’s stock worth $1,974,000 after buying an additional 4,955 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Rofin-Sinar Technologies by 4.2% in the fourth quarter. Rhumbline Advisers now owns 43,737 shares of the company’s stock worth $1,171,000 after buying an additional 1,760 shares during the period.

ROFIN-SINAR Technologies Inc is engaged in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications, which include primarily cutting, welding and marking a range of materials. The Company offers a range of laser components.

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