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Investment analysts at Cowen and Company began coverage on shares of Mattson Technology (NASDAQ:MTSN) in a note issued to investors on Friday, reports. The firm set an “outperform” rating and a $4.00 price target on the stock. Cowen and Company’s price objective points to a potential upside of 51.52% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of Mattson Technology (NASDAQ:MTSN) traded down 1.49% during mid-day trading on Friday, hitting $2.64. The stock had a trading volume of 1,974,935 shares. Mattson Technology has a one year low of $1.11 and a one year high of $3.22. The stock’s 50-day moving average is $2.80 and its 200-day moving average is $2.59. The company’s market cap is $156.0 million.

Mattson Technology (NASDAQ:MTSN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04. The company had revenue of $40.80 million for the quarter, compared to the consensus estimate of $40.36 million. Analysts expect that Mattson Technology will post $0.22 EPS for the current fiscal year.

Separately, analysts at Zacks downgraded shares of Mattson Technology from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 24th. They now have a $2.80 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $3.46.

Mattson Technology, Inc (NASDAQ:MTSN) designs, manufactures, markets, and globally supports semiconductor wafer processing equipment used in the fabrication of integrated circuits (ICs).

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