Analogic Corp. Sets New 1-Year High at $99.97 (ALOG)
Analogic Corp. (NASDAQ:ALOG)’s share price hit a new 52-week high on Tuesday , AR Network reports. The company traded as high as $99.97 and last traded at $98.14, with a volume of 51,006 shares changing hands. The stock had previously closed at $96.38.
ALOG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Analogic Corp. to a “neutral” rating in a research note on Friday, December 27th. They now have a $92.40 price target on the stock. Analysts at Brean Capital initiated coverage on shares of Analogic Corp. in a research note on Monday, December 16th. They set a “buy” rating and a $100.00 price target on the stock.
The stock has a 50-day moving average of $91.93 and a 200-day moving average of $87.13. The company has a market cap of $1.230 billion and a price-to-earnings ratio of 52.44.
Analogic Corp. (NASDAQ:ALOG) last released its earnings data on Monday, December 9th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.87 by $0.81. The company had revenue of $110.10 million for the quarter, compared to the consensus estimate of $131.35 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 8.2% on a year-over-year basis. Analysts expect that Analogic Corp. will post $4.55 EPS for the current fiscal year.
Analogic Corporation (NASDAQ:ALOG) is a technology company that designs and manufactures advanced medical imaging and security systems and subsystems sold to Original Equipment Manufacturers (OEMs) and end users primarily in the healthcare and airport security markets.
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