Zacks Investment Research upgraded shares of Sunny Optical Technology (Group) Company Limited (NASDAQ:SNPTF) from a hold rating to a buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $19.00 price objective on the stock.

According to Zacks, “Sunny Optical Technology Group Co., Limited is engaged in the design, research and development, manufacture and sales of optical and optical-related products. Optical components product includes glass spherical and aspherical lenses, plane products, handset lens sets, vehicle lens sets and other various lens sets. Optoelectronic products includes handset camera modules, three-dimensional optoelectronic products, security cameras and other optoelectronic modules and optical instruments includes microscopes, optical measuring instruments and various high-end optical analytical instrument. Sunny Optical Technology Group Co., Limited is based in Yuyao, the People’s Republic of China. “

Sunny Optical Technology (NASDAQ SNPTF) traded up $0.46 during midday trading on Friday, reaching $19.26. The company had a trading volume of 7,704 shares, compared to its average volume of 3,577. Sunny Optical Technology has a fifty-two week low of $4.17 and a fifty-two week high of $18.80.

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