Jefferies Financial Group Downgrades Sunny Optical Technology (Group) (OTCMKTS:SNPTF) to Underperform

Jefferies Financial Group downgraded shares of Sunny Optical Technology (Group) (OTCMKTS:SNPTFGet Rating) from a buy rating to an underperform rating in a research note released on Friday morning, The Fly reports. Jefferies Financial Group also issued estimates for Sunny Optical Technology (Group)’s FY2023 earnings at $0.64 EPS.

Separately, The Goldman Sachs Group raised Sunny Optical Technology (Group) from a sell rating to a neutral rating in a research note on Friday, October 14th.

Sunny Optical Technology (Group) Stock Down 3.0 %

Shares of Sunny Optical Technology (Group) stock opened at $11.34 on Friday. The business’s fifty day moving average price is $10.53 and its two-hundred day moving average price is $13.14. Sunny Optical Technology has a 1-year low of $8.50 and a 1-year high of $31.80.

About Sunny Optical Technology (Group)

(Get Rating)

Sunny Optical Technology (Group) Company Limited, an investment holding company, engages in designing, researching, developing, manufacturing, and selling optical and optical related products, and scientific instruments. The company's Optical Components segment offers glass spherical and aspherical lenses, handset lens sets, vehicle lens sets, security surveillance lens sets, and other lens sets.

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