The stock of Rofin-Sinar Technologies (NASDAQ:RSTI) hit a new 52-week high and has $51.40 target or 58.00% above today’s $32.53 share price. The 9 months bullish chart indicates low risk for the $921.34 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $51.40 price target is reached, the company will be worth $534.38 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 102,015 shares traded hands. Rofin-Sinar Technologies (NASDAQ:RSTI) has risen 0.93% since April 5, 2016 and is uptrending. It has underperformed by 1.02% 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 $13.31M for 17.30 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 rating was upgraded by Zacks to “Sell” on Saturday, August 22. The stock of Rofin-Sinar Technologies (NASDAQ:RSTI) earned “Buy” rating by Northcoast on Tuesday, December 29. Northcoast downgraded the stock to “Neutral” rating in Monday, March 21 report.
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 2016 Q2. Its down 0.10, from 1.17 in 2016Q1. The ratio worsened, 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.
Guggenheim Cap Ltd Company last reported 22,965 shares in the company. Pinebridge Invs Lp holds 0.01% of its portfolio in Rofin-Sinar Technologies (NASDAQ:RSTI) for 3,483 shares. Airain Ltd, a Guernsey-based fund reported 31,300 shares. New York State Common Retirement Fund has invested 0% of its portfolio in Rofin-Sinar Technologies (NASDAQ:RSTI). Blackrock Grp Limited has 46,636 shares for 0% of their US portfolio. Moreover, State Board Of Administration Of Florida Retirement has 0% invested in Rofin-Sinar Technologies (NASDAQ:RSTI) for 17,523 shares. Teacher Retirement System Of Texas last reported 3,971 shares in the company. Legal & General Public Limited Company holds 0% of its portfolio in Rofin-Sinar Technologies (NASDAQ:RSTI) for 5,880 shares. Gabelli Secs Inc accumulated 0.85% or 205,559 shares. Wolverine Asset Mgmt Limited Liability, a Illinois-based fund reported 211,511 shares. Renaissance Technologies Limited Liability Corporation owns 149,958 shares or 0.01% of their US portfolio. Great West Life Assurance Can holds 3,500 shares or 0% of its portfolio. Manufacturers Life Insurance Company The holds 18,320 shares or 0% of its portfolio. Blackrock Inc has 7,234 shares for 0% of their US portfolio. Lsv Asset has 14,200 shares for 0% of their US portfolio.
More notable recent Rofin-Sinar Technologies (NASDAQ:RSTI) news were published by: Prnewswire.com which released: “COHERENT, Inc. Announces Closing of Acquisition of ROFIN-SINAR Technologies” on November 07, 2016, also Prnewswire.com with their article: “Global Market Study on Welding Equipment: By Welding Technology, Arc Welding …” published on September 29, 2016, Marketwatch.com published: “Rofin-Sinar Technologies Inc.” on August 13, 2009. More interesting news about Rofin-Sinar Technologies (NASDAQ:RSTI) were released by: Prnewswire.com and their article: “ROFIN-SINAR Issues Open Letter To Stockholders” published on February 17, 2016 as well as Fool.com‘s news article titled: “Rofin-Sinar Technologies Earnings Explode Higher As Lasers Heat Up” with publication date: May 07, 2015.
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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