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Ixia (NASDAQ:XXIA)’s share price hit a new 52-week low on Tuesday , Stock Ratings News reports. The company traded as low as $11.02 and last traded at $11.18, with a volume of 234,838 shares traded. The stock had previously closed at $11.38.

XXIA has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ixia in a research note on Tuesday, June 24th. They now have a $12.00 price target on the stock, down previously from $16.00. Analysts at Wunderlich reiterated a “hold” rating on shares of Ixia in a research note on Tuesday, June 24th. They now have a $12.00 price target on the stock, down previously from $16.00. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Ixia presently has a consensus rating of “Hold” and an average price target of $14.70.

The stock’s 50-day moving average is $11.77 and its 200-day moving average is $12.50. The company has a market cap of $866.0 million and a price-to-earnings ratio of 75.87.

Ixia (NASDAQ:XXIA) last posted its quarterly earnings results on Monday, June 23rd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.04. The company had revenue of $120.60 million for the quarter, compared to the consensus estimate of $120.37 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts expect that Ixia will post $0.48 EPS for the current fiscal year.

Ixia is a provider of converged Internet Protocol (NASDAQ:XXIA) network validation and network visibility solutions.

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