Nlight Inc (LASR) Insider Scott H. Keeney Sells 180,000 Shares
Nlight Inc (NASDAQ:LASR) insider Scott H. Keeney sold 180,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $25.44, for a total value of $4,579,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NASDAQ:LASR opened at $27.11 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.73 and a quick ratio of 4.69. Nlight Inc has a 52 week low of $22.14 and a 52 week high of $43.63.
Nlight (NASDAQ:LASR) last released its earnings results on Wednesday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $51.70 million for the quarter, compared to the consensus estimate of $50.25 million. The firm’s revenue was up 49.0% on a year-over-year basis. analysts expect that Nlight Inc will post 0.33 earnings per share for the current fiscal year.
LASR has been the topic of a number of research analyst reports. Needham & Company LLC initiated coverage on Nlight in a report on Monday, May 21st. They set a “buy” rating and a $34.00 target price on the stock. Canaccord Genuity initiated coverage on Nlight in a report on Monday, May 21st. They set a “buy” rating and a $35.00 target price on the stock. Stifel Nicolaus initiated coverage on Nlight in a report on Monday, May 21st. They set a “buy” rating and a $40.00 target price on the stock. DA Davidson initiated coverage on Nlight in a report on Monday, May 21st. They set a “buy” rating and a $40.00 target price on the stock. Finally, Northcoast Research initiated coverage on Nlight in a report on Friday, May 18th. They set a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.00.
Nlight Company Profile
nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.
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