Taser International Inc. (NASDAQ:TASR) shares fell 7.1% during trading on Wednesday . The stock traded as low as $27.27 and last traded at $27.31, with a volume of 1,461,462 shares. The stock had previously closed at $29.41.

Several research firms have commented on TASR. Ladenburg Thalmann restated a “buy” rating and set a $24.00 price objective on shares of Taser International in a report on Friday, May 6th. Zacks Investment Research downgraded Taser International from a “buy” rating to a “hold” rating in a report on Saturday, July 2nd. Vetr downgraded Taser International from a “strong-buy” rating to a “buy” rating and set a $22.01 price objective on the stock. in a report on Wednesday, May 11th. Dougherty & Co restated a “buy” rating and set a $23.00 price objective on shares of Taser International in a report on Thursday, June 23rd. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $28.63.

The firm has a 50 day moving average price of $28.64 and a 200-day moving average price of $22.57. The firm has a market capitalization of $1.40 billion and a PE ratio of 107.04.

Taser International (NASDAQ:TASR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business earned $58.80 million during the quarter, compared to analyst estimates of $54.25 million. The company’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. Equities analysts expect that Taser International Inc. will post $0.27 earnings per share for the current fiscal year.

TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).

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