Ixia Hits New 52-Week Low at $10.48 (XXIA)
Shares of Ixia (NASDAQ:XXIA) reached a new 52-week low on Friday , Stock Ratings News reports. The company traded as low as $10.48 and last traded at $10.62, with a volume of 118,068 shares traded. The stock had previously closed at $10.74.
Several analysts have recently commented on the stock. 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Ixia currently has an average rating of “Hold” and a consensus price target of $13.13.
The stock has a 50-day moving average of $11.43 and a 200-day moving average of $12.31. The company has a market cap of $816.0 million and a price-to-earnings ratio of 71.60.
Ixia (NASDAQ:XXIA) last announced its earnings results on Monday, June 23rd. The company reported $0.15 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.24 earnings per share. Ixia’s revenue was down 3.9% compared to the same quarter last year. On average, analysts predict that Ixia will post $0.49 earnings per share 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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