Coherent Inc. Reaches New 12-Month High at $63.17 (COHR)
Coherent (NASDAQ:COHR)’s share price reached a new 52-week high during trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $63.17 and last traded at $63.02, with a volume of 16,225 shares traded. The stock had previously closed at $61.00.
Coherent has a 52-week low of $39.08 and a 52-week high of $63.09. The stock’s 50-day moving average is $58.93 and its 200-day moving average is $57.37. The company has a market cap of $1.540 billion and a price-to-earnings ratio of 25.50.
Coherent (NASDAQ:COHR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.08. The company had revenue of $213.70 million for the quarter, compared to the consensus estimate of $207.72 million. During the same quarter last year, the company posted $0.88 earnings per share. Coherent’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Coherent will post $3.38 EPS for the current fiscal year.
Coherent, Inc (NASDAQ:COHR) is a suppliers of photonics-based solutions in a range of commercial and scientific research applications.
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