Electro Scientific Industries Inc. (ESIO) Stock Price Up 5.5%
Electro Scientific Industries Inc. (NASDAQ:ESIO)’s share price rose 5.5% during trading on Friday . The company traded as high as $5.58 and last traded at $5.52, with a volume of 148,038 shares. The stock had previously closed at $5.23.
ESIO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Tuesday, July 12th. Needham & Company LLC downgraded Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd.
The stock has a 50-day moving average price of $5.96 and a 200 day moving average price of $6.66. The firm’s market cap is $176.50 million.
Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. The business had revenue of $47.70 million for the quarter, compared to analyst estimates of $50.75 million. During the same period last year, the business earned ($0.14) EPS. Electro Scientific Industries’s revenue was up 10.7% compared to the same quarter last year. On average, analysts anticipate that Electro Scientific Industries Inc. will post ($0.11) EPS for the current year.
In other Electro Scientific Industries news, Director Raymond A. Link bought 10,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was bought at an average price of $5.17 per share, with a total value of $51,700.00. Following the completion of the purchase, the director now directly owns 43,000 shares in the company, valued at $222,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Electro Scientific Industries, Inc is a supplier of laser-based manufacturing solutions for the micro technology industry. The Company operates in two segments, Component Processing and Micromachining. Its Component Processing segment includes interconnect products, semiconductor products and component products.
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