Aeroflex Holding Corp. Hits New 12-Month High at $10.88 (ARX)
Shares of Aeroflex Holding Corp. (NYSE:ARX) reached a new 52-week high on Thursday , American Banking News reports. The company traded as high as $10.88 and last traded at $10.70, with a volume of 760,863 shares traded. The stock had previously closed at $10.66.
Separately, analysts at Needham & Company LLC downgraded shares of Aeroflex Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. They now have a $10.50 price target on the stock, up previously from $10.00. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Aeroflex Holding Corp. currently has an average rating of “Hold” and an average price target of $8.95.
The stock has a 50-day moving average of $10.29 and a 200-day moving average of $8.33. The company’s market cap is $911.8 million.
Aeroflex Holding Corp. (NYSE:ARX) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $155.50 million for the quarter, compared to the consensus estimate of $158.33 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Aeroflex Holding Corp. will post $0.63 EPS for the current fiscal year.
Aeroflex Holding Corp. (NYSE:ARX) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems.
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