Melexis (OTCMKTS:MLXSF) Given New €67.00 Price Target at UBS Group

Melexis (OTCMKTS:MLXSFGet Rating) had its target price dropped by research analysts at UBS Group from €70.00 ($75.27) to €67.00 ($72.04) in a research note issued to investors on Friday, The Fly reports.

Separately, Jefferies Financial Group started coverage on shares of Melexis in a research report on Thursday, February 17th. They issued an “underperform” rating for the company.

Shares of OTCMKTS:MLXSF opened at $106.85 on Friday. Melexis has a 52 week low of $106.85 and a 52 week high of $106.85. The company has a 50-day moving average price of $106.85 and a 200 day moving average price of $112.56.

About Melexis (Get Rating)

Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America. The company offers magnetic position, latch and switch, current, temperature, optical, pressure, and speed sensor ICs.

Recommended Stories

The Fly logo

Receive News & Ratings for Melexis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melexis and related companies with's FREE daily email newsletter.