Insider Selling: II-VI COO Sells 6,000 Shares of Stock (IIVI)
II-VI (NASDAQ:IIVI) COO Vincent D. Mattera, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $14.02, for a total transaction of $84,120.00. Following the sale, the chief operating officer now directly owns 130,655 shares in the company, valued at approximately $1,831,783. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
II-VI (NASDAQ:IIVI) traded up 1.55% on Thursday, hitting $14.39. The stock had a trading volume of 259,517 shares. II-VI has a 52 week low of $12.63 and a 52 week high of $20.80. The stock’s 50-day moving average is $13.84 and its 200-day moving average is $15.33. The company has a market cap of $891.3 million and a price-to-earnings ratio of 25.21.
II-VI (NASDAQ:IIVI) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.05. The company had revenue of $173.56 million for the quarter, compared to the consensus estimate of $167.10 million. During the same quarter last year, the company posted $0.26 earnings per share. II-VI’s revenue was up 20.6% compared to the same quarter last year. Analysts expect that II-VI will post $0.72 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of II-VI from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $13.80 price target on the stock. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.14.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.