Rudolph Technologies Given Average Rating of “Buy” by Analysts (NASDAQ:RTEC)
Rudolph Technologies (NASDAQ:RTEC) has been given a consensus rating of “Buy” by the eight analysts that are covering the company, American Banking & Market News reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.56.
Several analysts have recently commented on the stock. Analysts at Davidson cut their price target on shares of Rudolph Technologies from $15.00 to $13.00 in a research note on Monday. They now have a “buy” rating on the stock. Analysts at Barrington Research initiated coverage on shares of Rudolph Technologies in a research note on Friday, June 13th. They set a “market perform” rating on the stock.
Shares of Rudolph Technologies (NASDAQ:RTEC) traded down 0.43% on Monday, hitting $9.22. 18,547 shares of the company’s stock traded hands. Rudolph Technologies has a 52 week low of $8.91 and a 52 week high of $12.32. The stock has a 50-day moving average of $9.75 and a 200-day moving average of $10.43. The company has a market cap of $306.4 million and a price-to-earnings ratio of 132.29.
Rudolph Technologies, Inc is engaged in the design, development, and manufacture of process control defect inspection, metrology, and process control software systems used by microelectronics device manufacturers.
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