Rofin-Sinar Technologies Inc. (RSTI) Sees Strong Trading Volume
Shares of Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) saw an uptick in trading volume on Friday . 93,016 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 69,497 shares.The stock last traded at $32.05 and had previously closed at $32.05.
Separately, Zacks Investment Research upgraded shares of Rofin-Sinar Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.67.
The company has a market capitalization of $912.09 million and a P/E ratio of 27.48. The firm’s 50 day moving average price is $31.92 and its 200 day moving average price is $30.45.
Rofin-Sinar Technologies (NASDAQ:RSTI) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company had revenue of $125.94 million for the quarter, compared to analyst estimates of $130.90 million. The business’s revenue was down 5.0% on a year-over-year basis. Equities research analysts forecast that Rofin-Sinar Technologies Inc. will post $1.15 earnings per share for the current fiscal year.
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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