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Shares of TASER International (NASDAQ:TASR) hit a new 52-week high on Wednesday, American Banking and Market News reports. The company traded as high as $18.57 and last traded at $17.94, with a volume of 4,638,196 shares trading hands. The stock had previously closed at $15.91.

A number of research firms have recently commented on TASR. Analysts at JPMorgan Chase & Co. upgraded shares of TASER International from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, December 16th. They now have a $18.50 price target on the stock, up previously from $17.00. Separately, analysts at Zacks downgraded shares of TASER International from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 8th. They now have a $18.90 price target on the stock. Finally, analysts at Zacks upgraded shares of TASER International from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. They now have a $17.10 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. TASER International has an average rating of “Buy” and a consensus target price of $16.30.

TASER International has a 1-year low of $6.70 and a 1-year high of $18.52. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $13.38. The company has a market cap of $929.9 million and a P/E ratio of 49.10.

TASER International (NASDAQ:TASR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $32.60 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts predict that TASER International will post $0.32 earnings per share for the current fiscal year.

TASER International, Inc (NASDAQ:TASR) is engaged in development, manufacture and sale of electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.

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