Cynosure Inc. Reaches New 12-Month Low at $21.09 (CYNO)
Cynosure (NASDAQ:CYNO)’s share price reached a new 52-week low on Thursday, Stock Ratings News reports. The company traded as low as $21.09 and last traded at $21.48, with a volume of 409,642 shares traded. The stock had previously closed at $22.12.
A number of research firms have recently commented on CYNO. Analysts at Zacks downgraded shares of Cynosure from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $27.40 price target on the stock. Separately, analysts at TheStreet downgraded shares of Cynosure from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at TheStreet downgraded shares of Cynosure from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 27th.
Cynosure has a 52 week low of $21.14 and a 52 week high of $30.20. The stock’s 50-day moving average is $22.98 and its 200-day moving average is $24.52. The company’s market cap is $482.0 million.
Cynosure (NASDAQ:CYNO) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.04. The company had revenue of $60.70 million for the quarter, compared to the consensus estimate of $61.60 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 63.6% on a year-over-year basis. Analysts expect that Cynosure will post $0.85 EPS for the current fiscal year.
Cynosure Inc (NASDAQ:CYNO), develops and markets aesthetic treatment systems that are used by physicians and other practitioners to perform non-invasive and minimally invasive procedures to remove hair rejuvenate the skin through the treatment of vascular and pigmented lesions, remove multi-colored tattoos, liquefy and remove unwanted fat through laser lypolysis, reduce cellulite and treat onychomycosis.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.