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 stock traded as high as $5.58 and last traded at $5.52, with a volume of 148,038 shares changing hands. The stock had previously closed at $5.23.
ESIO has been the topic of several research analyst reports. Needham & Company LLC cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
The stock has a 50-day moving average of $5.96 and a 200 day moving average of $6.66. The firm’s market cap is $177.45 million.
Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ 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. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS. Equities analysts expect that Electro Scientific Industries Inc. will post ($0.11) earnings per share for the current fiscal year.
In other news, Director Raymond A. Link bought 10,000 shares of Electro Scientific Industries stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $5.17 per share, for a total transaction of $51,700.00. Following the purchase, the director now owns 43,000 shares of the company’s stock, valued at $222,310. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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.