Advanced Photonix (API) Releases Quarterly Earnings Results
Advanced Photonix (NYSE:API) announced its earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.02, AnalystRatings.Net reports.
A number of analysts have recently weighed in on API shares. Analysts at Zacks downgraded shares of Advanced Photonix from a “neutral” rating to an “underperform” rating in a research note on Friday, June 13th. They now have a $0.60 price target on the stock. On the ratings front, analysts at B. Riley upgraded shares of Advanced Photonix from a “neutral” rating to a “buy” rating in a research note on Thursday, June 12th. They now have a $0.80 price target on the stock, up previously from $0.75.
Shares of Advanced Photonix (NYSE:API) traded up 4.43% during mid-day trading on Monday, hitting $0.61. The stock had a trading volume of 93,430 shares. Advanced Photonix has a 1-year low of $0.40 and a 1-year high of $0.88. The stock’s 50-day moving average is $0.54 and its 200-day moving average is $0.61. The company’s market cap is $19.1 million.
Advanced Photonix, Inc (NYSE:API) is engaged in the development and manufacture of optoelectronic devices and value-added sub-systems and systems.
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