Align Technology Inc. Hits New 52-Week High at $60.00 (ALGN)
Shares of Align Technology (NASDAQ:ALGN) hit a new 52-week high during mid-day trading on Friday, Analyst Ratings News reports. The stock traded as high as $60.00 and last traded at $57.50, with a volume of 6,532,956 shares trading hands. The stock had previously closed at $45.93.
ALGN has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Align Technology in a research note to investors on Friday. They now have a $55.00 price target on the stock. Separately, analysts at Robert W. Baird reiterated a “hold” rating on shares of Align Technology in a research note to investors on Friday. They now have a $49.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Align Technology from $54.00 to $57.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.23.
Align Technology has a 52 week low of $23.45 and a 52 week high of $49.26. The stock’s 50-day moving average is $46.06 and its 200-day moving average is $39.62. The company’s market cap is $4.544 billion.
Align Technology (NASDAQ:ALGN) last released its earnings data on Thursday, October 17th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.12. The company had revenue of $164.50 million for the quarter, compared to the consensus estimate of $158.64 million. During the same quarter last year, the company posted $0.28 earnings per share. Align Technology’s revenue was up 20.5% compared to the same quarter last year. Analysts expect that Align Technology will post $1.28 EPS for the current fiscal year.
Align Technology, Inc (NASDAQ:ALGN), designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics, and dental records storage.
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