LTX-Credence Corp. Reaches New 12-Month High at $6.86 (LTXC)
Shares of LTX-Credence Corp. (NASDAQ:LTXC) hit a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $6.86 and last traded at $6.77, with a volume of 289,500 shares trading hands. The stock had previously closed at $6.73.
LTXC has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of LTX-Credence Corp. from a “sell” rating to a “hold” rating in a research note to investors on Thursday, October 3rd. Separately, analysts at Craig Hallum upgraded shares of LTX-Credence Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $10.00 price target on the stock, up previously from $5.00. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. LTX-Credence Corp. presently has an average rating of “Buy” and a consensus target price of $7.43.
LTX-Credence Corp. has a 52-week low of $4.05 and a 52-week high of $6.84. The stock has a 50-day moving average of $5.53 and a 200-day moving average of $5.68. The company’s market cap is $321.3 million.
LTX-Credence Corp. (NASDAQ:LTXC) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.07) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.07). The company had revenue of $37.52 million for the quarter, compared to the consensus estimate of $38.09 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was down 13.8% on a year-over-year basis.
LTX-Credence Corporation (NASDAQ:LTXC) provides focused, automated test equipment (ATE) solutions for the semiconductor industry.
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