Zoltek Cos. Stock Rating Lowered by Zacks (ZOLT)
Zoltek Cos. (NASDAQ:ZOLT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a $15.90 price target on the stock. Zacks‘ price objective suggests a potential downside of 4.79% from the stock’s previous close.
Zoltek Cos. (NASDAQ:ZOLT) traded down 0.06% on Thursday, hitting $16.69. The stock had a trading volume of 283,507 shares. Zoltek Cos. has a 1-year low of $6.02 and a 1-year high of $19.09. The stock’s 50-day moving average is $15.08 and its 200-day moving average is $13.69. The company has a market cap of $574.0 million and a price-to-earnings ratio of 59.64.
Zoltek Cos. (NASDAQ:ZOLT) last released its earnings data on Friday, August 9th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ 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 previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter 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.
A number of other firms have also recently commented on ZOLT. Analysts at DA Davidson raised their price target on shares of Zoltek Cos. from $14.00 to $16.75 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Analysts at Dougherty & Co downgraded shares of Zoltek Cos. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, September 27th. They now have a $16.75 price target on the stock.
Zoltek Companies, Inc is a holding company, which operates through wholly owned subsidiaries, Zoltek Corporation, Zoltek Zrt.
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