Nova Measuring Instruments Ltd. Sets New 1-Year High at $10.32 (NVMI)
Nova Measuring Instruments (NASDAQ:NVMI) set a new 52-week high on Tuesday, American Banking & Market News reports. The company traded as high as $10.32 and last traded at $10.30, with a volume of 465,827 shares. The stock had previously closed at $9.95.
A number of research firms have recently commented on NVMI. Analysts at Canaccord Genuity initiated coverage on shares of Nova Measuring Instruments in a research note to investors on Tuesday, December 10th. They set a “buy” rating and a $15.00 price target on the stock. Analysts at Singular Research raised their price target on shares of Nova Measuring Instruments from $12.00 to $14.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock.
Nova Measuring Instruments has a one year low of $7.68 and a one year high of $10.32. The stock’s 50-day moving average is $9.18 and its 200-day moving average is $8.9. The company has a market cap of $280.5 million and a P/E ratio of 27.64.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $25.80 million for the quarter, compared to the consensus estimate of $26.10 million. During the same quarter last year, the company posted $0.14 earnings per share. Nova Measuring Instruments’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Nova Measuring Instruments will post $0.51 EPS for the current fiscal year.
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) is a designer, developer and producer of integrated process control metrology systems.
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