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LTX-Credence Corp. (NASDAQ:LTXC)’s share price reached a new 52-week high during mid-day trading on Monday, Analyst Ratings Network reports. The stock traded as high as $8.50 and last traded at $8.46, with a volume of 326,601 shares traded. The stock had previously closed at $8.46.

Separately, analysts at B. Riley initiated coverage on shares of LTX-Credence Corp. in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.43.

LTX-Credence Corp. has a 52-week low of $4.05 and a 52-week high of $8.50. The stock has a 50-day moving average of $7. and a 200-day moving average of $6.18. The company’s market cap is $407.1 million.

LTX-Credence Corp. (NASDAQ:LTXC) last posted its quarterly earnings results on Tuesday, November 26th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.05. The company had revenue of $32.77 million for the quarter, compared to the consensus estimate of $32.02 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 24.1% on a year-over-year basis. Analysts expect that LTX-Credence Corp. will post $-0.22 EPS for the current fiscal year.

LTX-Credence Corporation (NASDAQ:LTXC) provides focused, automated test equipment (ATE) solutions for the semiconductor industry.

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