nLIGHT, Inc. (NASDAQ:LASR – Get Rating) CAO James Nias sold 975 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $10.54, for a total transaction of $10,276.50. Following the sale, the chief accounting officer now owns 43,303 shares of the company’s stock, valued at approximately $456,413.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
nLIGHT Stock Down 0.7 %
Shares of NASDAQ:LASR opened at $10.71 on Tuesday. The company has a market cap of $485.24 million, a P/E ratio of -11.64 and a beta of 2.29. nLIGHT, Inc. has a 52 week low of $8.22 and a 52 week high of $27.37. The company has a 50-day moving average price of $10.28 and a 200 day moving average price of $11.25.
nLIGHT (NASDAQ:LASR – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). The firm had revenue of $60.09 million during the quarter, compared to analyst estimates of $65.04 million. nLIGHT had a negative net margin of 16.09% and a negative return on equity of 13.16%. Analysts expect that nLIGHT, Inc. will post -1 EPS for the current year.
Institutional Investors Weigh In On nLIGHT
Wall Street Analyst Weigh In
LASR has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on shares of nLIGHT in a research note on Friday, November 4th. They set a “buy” rating for the company. Raymond James decreased their target price on shares of nLIGHT from $40.00 to $30.00 in a research note on Sunday, November 6th. DA Davidson decreased their target price on shares of nLIGHT to $23.00 in a research note on Tuesday, August 9th. Finally, Needham & Company LLC decreased their target price on shares of nLIGHT from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 4th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $20.75.
nLIGHT, Inc designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments, Laser Products and Advanced Development. The company also provides fiber amplifiers, and beam combination and control systems for use in high-energy laser systems in directed energy applications.
- Get a free copy of the StockNews.com research report on nLIGHT (LASR)
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