Xcerra Corp. (XCRA) Sees Unusually-High Trading Volume
Xcerra Corp. (NASDAQ:XCRA) shares saw unusually-high trading volume on Monday . Approximately 1,170,482 shares changed hands during mid-day trading, an increase of 671% from the previous session’s volume of 151,880 shares.The stock last traded at $5.60 and had previously closed at $5.56.
XCRA has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and issued a $8.25 price target on shares of Xcerra Corp. in a report on Sunday, June 12th. Needham & Company LLC restated a “hold” rating on shares of Xcerra Corp. in a report on Tuesday, June 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Xcerra Corp. currently has a consensus rating of “Buy” and a consensus target price of $8.69.
The company has a 50-day moving average of $5.97 and a 200 day moving average of $5.93. The firm has a market capitalization of $304.56 million and a price-to-earnings ratio of 26.84.
In other news, VP Pascal Ronde sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $6.63, for a total value of $198,900.00. Following the transaction, the vice president now owns 221,250 shares in the company, valued at approximately $1,466,887.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
An institutional investor recently raised its position in Xcerra Corp. stock. State of Wisconsin Investment Board boosted its position in Xcerra Corp. (NASDAQ:XCRA) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 570,000 shares of the company’s stock after buying an additional 70,000 shares during the period. State of Wisconsin Investment Board owned about 1.05% of Xcerra Corp. worth $3,448,000 at the end of the most recent quarter.
Xcerra Corporation, formerly LTX-Credence Corporation, is engaged in providing test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, Printed Circuit Board (PCB) Test, Probes/Pins and Fixtures.
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