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Shares of TCP International Holdings (NASDAQ:TCPI) hit a new 52-week low on Friday , AmericanBankingNews.com reports. The stock traded as low as $7.69 and last traded at $7.69, with a volume of 119,853 shares trading hands. The stock had previously closed at $8.06.

A number of analysts have recently weighed in on TCPI shares. Analysts at Canaccord Genuity initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set a “buy” rating and a $15.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set a “buy” rating and a $15.00 price target on the stock.

The stock’s 50-day moving average is $9.9 and its 200-day moving average is $9.9. The company has a market cap of $185.6 million and a price-to-earnings ratio of 14.84.

TCP International Holdings (NASDAQ:TCPI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.03. The company had revenue of $112.46 million for the quarter, compared to the consensus estimate of $105.57 million. The company’s quarterly revenue was up 1.2% on a year-over-year basis.

TCP International Holdings Ltd. (NASDAQ:TCPI) is a global provider of energy efficient light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting technologies.

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