Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) shares saw strong trading volume on Thursday . 162,399 shares were traded during 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.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut Rofin-Sinar Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Northcoast Research cut Rofin-Sinar Technologies from a “buy” rating to a “neutral” rating in a report on Monday, March 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.67.

The stock has a market capitalization of $905.38 million and a price-to-earnings ratio of 27.16. The stock has a 50-day moving average price of $31.88 and a 200 day moving average price of $28.32.

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

A number of hedge funds have recently added to or reduced their stakes in RSTI. LSV Asset Management increased its stake in Rofin-Sinar Technologies by 151.6% in the fourth quarter. LSV Asset Management now owns 139,900 shares of the company’s stock worth $3,746,000 after buying an additional 84,300 shares in the last quarter. Boston Partners raised its position in Rofin-Sinar Technologies by 4.6% in the fourth quarter. Boston Partners now owns 1,085,672 shares of the company’s stock worth $29,074,000 after buying an additional 47,870 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Rofin-Sinar Technologies by 69.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 109,420 shares of the company’s stock worth $2,930,000 after buying an additional 44,868 shares during the last quarter. American Century Companies Inc. raised its position in 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 last quarter. Finally, First Trust Advisors LP raised its position in 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 last quarter.

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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