Share on StockTwits

Shares of Cascade Microtech (NASDAQ:CSCD) dropped 6.4% during trading on Thursday after Canaccord Genuity lowered their price target on the stock from $16.00 to $15.00, Stock Ratings Network reports. The company traded as low as $11.14 and last traded at $11.16, with a volume of 116,244 shares trading hands. The stock had previously closed at $11.92.

Several other analysts have also recently commented on the stock. Analysts at Craig Hallum initiated coverage on shares of Cascade Microtech in a research note on Tuesday, June 3rd. They set a “buy” rating and a $15.00 price target on the stock. Separately, analysts at Lake Street Capital initiated coverage on shares of Cascade Microtech in a research note on Friday, May 30th. They set a “buy” rating and a $13.00 price target on the stock. Finally, analysts at B. Riley initiated coverage on shares of Cascade Microtech in a research note on Wednesday, May 14th. They set a “buy” rating and a $14.00 price target on the stock.

The stock has a 50-day moving average of $12.61 and a 200-day moving average of $10.85. The company has a market cap of $181.0 million and a P/E ratio of 12.96.

Cascade Microtech (NASDAQ:CSCD) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $33.50 million for the quarter, compared to the consensus estimate of $33.50 million. Analysts expect that Cascade Microtech will post $0.55 EPS for the current fiscal year.

Cascade Microtech, Inc designs, develops, manufactures and markets wafer probing and test socket solutions for the electrical measurement and testing of semiconductor devices.

Receive News & Ratings for Cascade Microtech Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascade Microtech Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.