RealD Inc. Sets New 1-Year Low at $6.91 (RLD)
RealD (NYSE:RLD) set a new 52-week low during trading hours on Thursday, AnalystRatingsNetwork reports. The company traded as low as $6.91 and last traded at $6.99, with a volume of 780,870 shares. The stock had previously closed at $7.56.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “sell” rating on shares of RealD (NYSE:RLD) in a research note to investors on Thursday. They now have a $9.20 price target on the stock. Separately, analysts at B. Riley cut their price target on shares of RealD (NYSE:RLD) from $12.75 to $11.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of RealD (NYSE:RLD) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 4th. They now have a $10.00 price target on the stock.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.44.
In other RealD news, CFO Andrew A. Skarupa sold 61,941 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $8.11, for a total value of $502,341.51. The sale was disclosed in a document filed with the SEC, which is available at this link.
RealD has a 1-year low of $7.52 and a 1-year high of $16.05. The stock’s 50-day moving average is $9.27 and its 200-day moving average is $12.70. The company’s market cap is $341.3 million.
RealD (NYSE:RLD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.01. The company had revenue of $59.20 million for the quarter, compared to the consensus estimate of $57.68 million. During the same quarter last year, the company posted $0.05 earnings per share. RealD’s revenue was down 13.2% compared to the same quarter last year. On average, analysts predict that RealD will post $-0.46 earnings per share for the current fiscal year.
RealD Inc is a licensor of three dimensional (NYSE:RLD) technologies.
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