On Thursday, August 3 the stock rating was upgraded by Needham to "Buy".
Electro Scientific Industries (NASDAQ:ESIO) traded up $0.14 on Tuesday, hitting $26.44.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. BidaskClub lowered Electro Scientific Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, December 6th.
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Electro Scientific Industries wasn't one of them! According to today's trading volume Electro Scientific Industries Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The share price has already crossed its 20 days moving average, floating at a distance of 0.47% and sits -4.14% lower versus its 50 days moving average. Electro Scientific Industries's revenue was up 139.3% on a year-over-year basis. sell-side analysts anticipate that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current fiscal year. The number of shares now owned by investors are 32.7 mln. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul R. Oldham sold 60,000 shares of the firm's stock in a transaction that occurred on Thursday, November 16th. The average analysts gave this company a mean recommendation of 2.70. Following the completion of the transaction, the chief financial officer now owns 287,665 shares of the company's stock, valued at approximately $6,926,973.20. The disclosure for this sale can be found here. Earnings per share serves as an indicator of a company's profitability.
Hedge funds have recently made changes to their positions in the company. Tocqueville Asset Mgmt L P invested 0.05% of its portfolio in Electro Scientific Industries, Inc. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Electro Scientific Industries in the 3rd quarter valued at about $164,000. Finally, EAM Investors LLC raised its holdings in shares of Electro Scientific Industries by 276.7% in the third quarter. EAM Investors LLC now owns 271,777 shares of the semiconductor company's stock worth $3,783,000 after purchasing an additional 199,637 shares in the last quarter. This works out to a net increase in ownership of 961423 shares, and suggests that institutions are feeling bullish about the stock.
The company has a market cap of $876.13, a P/E ratio of -41.97, a price-to-earnings-growth ratio of 1.61 and a beta of 0.75.
The firm has current ratio of 2.10 that indicates firm has capacity of total assets to cover its short-term and long term obligations.
Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.27 by $0.12. According to their predictions high & low revenue estimates are 108 Million and 106 Million respectively.
Analysts await Electro Scientific Industries, Inc. The firm's revenue was up 139.3% compared to the same quarter previous year. (NASDAQ:ESIO) earned "Buy" rating by Needham on Thursday, November 2. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law.
Looking at the price activity of the stock of Electro Scientific Industries, Inc. The Company operates through two segments: Component Processing and Micromachining. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.