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Rofin-Sinar Technologies (NASDAQ:RSTI) was downgraded by investment analysts at Jefferson Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Stock Ratings News reports.

Shares of Rofin-Sinar Technologies (NASDAQ:RSTI) remained flat at $21.73 during during mid-day trading trading on Friday. The stock had a trading volume of 18,471 shares. Rofin-Sinar Technologies has a one year low of $21.01 and a one year high of $28.41. The stock’s 50-day moving average is $24.64 and its 200-day moving average is $24.40. The company has a market cap of $610.6 million and a P/E ratio of 22.15.

Rofin-Sinar Technologies (NASDAQ:RSTI) last released its earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $121.19 million for the quarter, compared to the consensus estimate of $125.68 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 14.8% on a year-over-year basis. Analysts expect that Rofin-Sinar Technologies will post $0.96 EPS for the current fiscal year.

A number of other firms have also recently commented on RSTI. Analysts at Longbow Research downgraded shares of Rofin-Sinar Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, February 7th. Analysts at Zacks upgraded shares of Rofin-Sinar Technologies from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 8th. They now have a $26.80 price target on the stock. Four analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $25.60.

Rofin-Sinar Technologies Inc(NASDAQ:RSTI) is engaged in the designing, development, engineering, manufacturing and marketing of laser-based products used for cutting, welding and marking a range of materials.

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