The stock of Rofin-Sinar Technologies (NASDAQ:RSTI) hit a new 52-week high and has $40.26 target or 24.00% above today’s $32.47 share price. The 9 months bullish chart indicates low risk for the $921.34 million company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $40.26 price target is reached, the company will be worth $221.12 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 38,181 shares traded hands. Rofin-Sinar Technologies (NASDAQ:RSTI) has risen 0.87% since March 31, 2016 and is uptrending. It has underperformed by 1.65% the S&P500.
Analysts await Rofin-Sinar Technologies (NASDAQ:RSTI) to report earnings on November, 10. They expect $0.47 EPS, down 9.62% or $0.05 from last year’s $0.52 per share. RSTI’s profit will be $13.34 million for 17.27 P/E if the $0.47 EPS becomes a reality. After $0.45 actual EPS reported by Rofin-Sinar Technologies for the previous quarter, Wall Street now forecasts 4.44% EPS growth.
Rofin-Sinar Technologies (NASDAQ:RSTI) Ratings Coverage
Out of 2 analysts covering Rofin-Sinar Technologies (NASDAQ:RSTI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Rofin-Sinar Technologies has been the topic of 4 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, December 29 by Northcoast. The rating was upgraded by Zacks on Saturday, August 22 to “Sell”. The stock of Rofin-Sinar Technologies (NASDAQ:RSTI) has “Neutral” rating given on Monday, March 21 by Northcoast.
According to Zacks Investment Research, “Rofin-Sinar Technologies designs, develops, engineers, manufactures and markets laser products for cutting, welding and marking a wide range of industrial materials. Through its global manufacturing, distribution and service network, the company provides a comprehensive range of laser solutions to three principal target markets for material processing lasers: the machine tool, automotive, and semiconductor/electronics industries.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.10, from 1.17 in 2016Q1. The ratio dived, as 22 funds sold all Rofin-Sinar Technologies shares owned while 38 reduced positions. 16 funds bought stakes while 48 increased positions. They now own 20.87 million shares or 2.56% more from 20.35 million shares in 2016Q1.
Price T Rowe Assocs Inc Md, a Maryland-based fund reported 13,270 shares. The Minnesota-based Thrivent Financial For Lutherans has invested 0% in Rofin-Sinar Technologies (NASDAQ:RSTI). Tower Limited Liability Company (Trc) reported 3,194 shares or 0.01% of all its holdings. State Street holds 543,111 shares or 0% of its portfolio. Bridgeway Capital holds 46,200 shares or 0.02% of its portfolio. New York State Teachers Retirement System reported 22,618 shares or 0% of all its holdings. Omers Administration Corporation, a Ontario – Canada-based fund reported 284,387 shares. Moreover, Airain has 0.06% invested in Rofin-Sinar Technologies (NASDAQ:RSTI) for 31,300 shares. Blackrock Investment Mgmt Ltd holds 0.01% of its portfolio in Rofin-Sinar Technologies (NASDAQ:RSTI) for 125,278 shares. Cowen Incorporated, a New York-based fund reported 11,697 shares. Water Island Limited Liability last reported 1.62% of its portfolio in the stock. Commerzbank Aktiengesellschaft Fi has 0% invested in the company for 9,223 shares. Dimensional Fund Advsrs Limited Partnership holds 1.81M shares or 0.03% of its portfolio. State Bank Of New York Mellon reported 321,769 shares or 0% of all its holdings. Voya Investment Management Ltd Company accumulated 0% or 13,716 shares.
More notable recent Rofin-Sinar Technologies (NASDAQ:RSTI) news were published by: Prnewswire.com which released: “ROFIN-SINAR Issues Open Letter To Stockholders” on February 17, 2016, also Prnewswire.com with their article: “ROFIN-SINAR Comments On Director Nominations From SilverArrow Capital Advisors” published on January 14, 2016, Prnewswire.com published: “All Three Leading Proxy Advisory Firms Recommend ROFIN Stockholders Vote FOR …” on June 21, 2016. More interesting news about Rofin-Sinar Technologies (NASDAQ:RSTI) were released by: Fool.com and their article: “Rofin-Sinar Results Suffer as Coherent Merger Looms” published on May 09, 2016 as well as Wsj.com‘s news article titled: “Coherent to Buy Rofin-Sinar for $942 Million” with publication date: March 16, 2016.
RSTI Company Profile
Rofin-Sinar Technologies Inc., incorporated on July 19, 1996, is engaged in the designing, development, engineering, manufacturing and marketing of laser products used for cutting, welding and marking a range of materials. The Company’s product portfolio ranges from single laser-beam sources to highly complex systems, covering all of the key laser technologies such as CO2 lasers, fiber, solid-state and diode lasers, and the entire power spectrum, from single-digit watts up to multi-kilowatts, as well as a comprehensive spectrum of wavelengths. The Firm offers a range of laser products and related services for three material processing applications: cutting, welding, and surface treatment (macro applications); marking, and fine cutting, fine welding, micro drilling, and micro structuring (micro applications). The Firm provides a range of laser sources and laser system solutions to the following principal target markets: the machine tool, automotive, semiconductor, electronics and photovoltaic industries. The Company’s product categories include Laser macro products, Laser marking products, Laser micro products and Components. The products are sold directly to end-users and to original equipment manufacturers (OEMs).
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