Advanced Photonix Rating Increased to Neutral at Zacks (API)
Advanced Photonix (NYSE:API) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $0.50 price objective on the stock. Zacks‘s price target would indicate a potential downside of 4.03% from the company’s current price.
Shares of Advanced Photonix (NYSE:API) traded down 0.17% during mid-day trading on Tuesday, hitting $0.5201. 212,355 shares of the company’s stock traded hands. Advanced Photonix has a 52 week low of $0.40 and a 52 week high of $0.88. The stock has a 50-day moving average of $0.5 and a 200-day moving average of $0.5. The company’s market cap is $19.4 million.
Advanced Photonix (NYSE:API) last issued its quarterly earnings data on Monday, June 30th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.02. The company had revenue of $7.00 million for the quarter, compared to the consensus estimate of $7.04 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. On average, analysts predict that Advanced Photonix will post $0.02 earnings per share for the current fiscal year.
Separately, analysts at B. Riley upgraded shares of Advanced Photonix from a “neutral” rating to a “buy” rating in a research note on Thursday, June 12th. They now have a $0.80 price target on the stock, up previously from $0.75.
Advanced Photonix, Inc (NYSE:API) is engaged in the development and manufacture of optoelectronic devices and value-added sub-systems and systems.
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