Rudolph Technologies Price Target Cut to $15.00 (RTEC)
Investment analysts at DA Davidson lowered their price objective on shares of Rudolph Technologies (NASDAQ:RTEC) from $16.00 to $15.00 in a note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 42.86% from the stock’s previous close.
Shares of Rudolph Technologies (NASDAQ:RTEC) traded down 0.94% during mid-day trading on Friday, hitting $10.50. The stock had a trading volume of 350,023 shares. Rudolph Technologies has a 52-week low of $9.41 and a 52-week high of $14.10. The stock’s 50-day moving average is $10.99 and its 200-day moving average is $11.41. The company has a market cap of $344.8 million and a price-to-earnings ratio of 9.53.
Rudolph Technologies, Inc is engaged in the design, development, and manufacture of process control defect inspection, metrology, and process control software systems used by microelectronics device manufacturers.
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