Aeroflex Holding Corp. Hits New 52-Week Low at $6.08 (ARX)
Shares of Aeroflex Holding Corp. (NYSE:ARX) hit a new 52-week low during mid-day trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as low as $6.08 and last traded at $6.21, with a volume of 92,627 shares trading hands. The stock had previously closed at $6.50.
ARX has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Aeroflex Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $7.00 price target on the stock, down previously from $9.00. 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 research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.83.
Aeroflex Holding Corp. has a 52 week low of $6.16 and a 52 week 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 $528.3 million.
Aeroflex Holding Corp. (NYSE:ARX) last announced its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.04 earnings per share. Aeroflex Holding Corp.’s revenue was down 3.6% compared to the same quarter last year.
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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