Nanometrics Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:NANO)
Nanometrics (NASDAQ:NANO) has received an average rating of “Hold” from the eight brokerages that are presently covering the stock, Stock Ratings Network.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $18.89.
Shares of Nanometrics (NASDAQ:NANO) traded down 0.90% during mid-day trading on Friday, hitting $15.42. The stock had a trading volume of 27,682 shares. Nanometrics has a one year low of $13.37 and a one year high of $19.94. The stock has a 50-day moving average of $17.73 and a 200-day moving average of $17.53. The company’s market cap is $369.1 million.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Wednesday, July 30th. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05. The company had revenue of $48.03 million for the quarter, compared to the consensus estimate of $49.36 million. During the same quarter last year, the company posted ($0.17) earnings per share. Nanometrics’s revenue was up 39.0% compared to the same quarter last year. On average, analysts predict that Nanometrics will post $0.24 earnings per share for the current fiscal year.
Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nanometrics in a research note on Thursday. They now have a $17.00 price target on the stock, down previously from $18.00.
Nanometrics Incorporated (NASDAQ:NANO) is a provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of integrated circuits, high-brightness (HB) light emitting diodes (LEDs), data storage devices and solar photovoltaics (solar PV).
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