GSI Group Inc. Reaches New 12-Month High at $11.50 (GSIG)
GSI Group (NASDAQ:GSIG)’s share price reached a new 52-week high during trading on Wednesday, AnalystRatingsNetwork.com reports. The stock traded as high as $11.50 and last traded at $11.49, with a volume of 30,563 shares traded. The stock had previously closed at $11.40.
Separately, analysts at Zacks downgraded shares of GSI Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $11.40 price target on the stock.
GSI Group has a 1-year low of $7.92 and a 1-year high of $11.50. The stock has a 50-day moving average of $10.88 and a 200-day moving average of $9.7. The company has a market cap of $387.8 million and a P/E ratio of 20.65.
GSI Group (NASDAQ:GSIG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.03. The company had revenue of $85.50 million for the quarter, compared to the consensus estimate of $85.80 million. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts predict that GSI Group will post $0.27 earnings per share for the current fiscal year.
GSI Group Inc designs, develops, manufactures and sells laser-based solutions, laser scanning devices, and precision motion and optical control technologies.
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