Zoltek Cos. Downgraded by Dougherty & Co to Sell (ZOLT)
Zoltek Cos. (NASDAQ:ZOLT) was downgraded by investment analysts at Dougherty & Co from a “neutral” rating to a “sell” rating in a note issued to investors on Friday, American Banking & Market News reports.
Zoltek Cos. (NASDAQ:ZOLT) opened at 18.51 on Friday. Zoltek Cos. has a 52-week low of $6.02 and a 52-week high of $19.09. The stock’s 50-day moving average is $14.32 and its 200-day moving average is $13.37. The company has a market cap of $636.6 million and a price-to-earnings ratio of 66.11.
Zoltek Cos. (NASDAQ:ZOLT) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.12. The company had revenue of $30.30 million for the quarter, compared to the consensus estimate of $36.00 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 37.0% on a year-over-year basis. On average, analysts predict that Zoltek Cos. will post $0.30 earnings per share for the current fiscal year.
Zoltek Companies, Inc is a holding company, which operates through wholly owned subsidiaries, Zoltek Corporation, Zoltek Zrt.
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