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II-VI (NASDAQ:IIVI) Director Carl J. Johnson sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $15.65, for a total value of $109,550.00. Following the transaction, the director now directly owns 2,183,378 shares in the company, valued at approximately $34,169,866. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

II-VI (NASDAQ:IIVI) traded down 0.13% on Thursday, hitting $15.55. 91,158 shares of the company’s stock traded hands. II-VI has a one year low of $14.38 and a one year high of $20.80. The stock has a 50-day moving average of $16.40 and a 200-day moving average of $17.55. The company has a market cap of $972.8 million and a price-to-earnings ratio of 22.93.

II-VI (NASDAQ:IIVI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.06. The company had revenue of $171.70 million for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 37.3% on a year-over-year basis. On average, analysts predict that II-VI will post $0.76 earnings per share for the current fiscal year.

Separately, analysts at Zacks downgraded shares of II-VI from a “neutral” rating to an “underperform” rating in a research note on Friday, November 22nd. They now have a $15.30 price target on the stock.

II-VI Incorporated (NASDAQ:IIVI), develops, refines, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, telecommunications, photovoltaic, medical and aerospace applications.

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