Aeroflex Holding Corp. Downgraded by Goldman Sachs Group Inc. to Neutral (ARX)
Aeroflex Holding Corp. (NYSE:ARX) was downgraded by Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Aeroflex Holding Corp. (NYSE:ARX) opened at 6.50 on Thursday. Aeroflex Holding Corp. has a 1-year low of $6.16 and a 1-year high of $9.25. The stock has a 50-day moving average of $6.57 and a 200-day moving average of $7.32. The company’s market cap is $552.1 million.
Aeroflex Holding Corp. (NYSE:ARX) last released its earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $132.70 million for the quarter, compared to the consensus estimate of $138.40 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis.
Separately, analysts at Zacks upgraded shares of Aeroflex Holding Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 8th. They now have a $8.80 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Aeroflex Holding Corp. has a consensus rating of “Hold” and an average price target of $14.77.
Aeroflex Holding Corp. (NYSE:ARX) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems.
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