Advanced Photonix (API) Announces Quarterly Earnings
Advanced Photonix (NYSE:API) announced its earnings results on Monday. The company reported ($0.02) EPS for the quarter, AnalystRatings.Net reports.
A number of research firms have recently commented on API. Analysts at Thomson Reuters/Verus downgraded shares of Advanced Photonix from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 30th. Analysts at B. Riley raised their price target on shares of Advanced Photonix from $1.20 to $1.50 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock.
Advanced Photonix (NYSE:API) traded down 4.72% on Monday, hitting $0.7051. 127,818 shares of the company’s stock traded hands. Advanced Photonix has a 52-week low of $0.40 and a 52-week high of $0.88. The stock’s 50-day moving average is $0.70 and its 200-day moving average is $0.65. The company’s market cap is $22.0 million.
Advanced Photonix, Inc (NYSE:API) is engaged in the development and manufacture of optoelectronic devices and value-added sub-systems and systems.
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