Rudolph Technologies Director Sells $111,600 in Stock (RTEC)
Rudolph Technologies (NASDAQ:RTEC) Director Daniel H. Berry sold 12,000 shares of Rudolph Technologies stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $9.30, for a total transaction of $111,600.00. Following the sale, the director now directly owns 13,800 shares of the company’s stock, valued at approximately $128,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RTEC. Analysts at Davidson cut their price target on shares of Rudolph Technologies from $15.00 to $13.00 in a research note on Monday, August 4th. 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Rudolph Technologies currently has an average rating of “Buy” and an average target price of $13.56.
Shares of Rudolph Technologies (NASDAQ:RTEC) traded up 0.97% during mid-day trading on Wednesday, hitting $9.38. The stock had a trading volume of 110,782 shares. 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 $9.69 and a 200-day moving average of $10.30. The company’s market cap is $312.0 million.
Rudolph Technologies (NASDAQ:RTEC) last released its earnings data on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $43.02 million for the quarter, compared to the consensus estimate of $43.62 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that Rudolph Technologies will post $0.21 EPS for the current fiscal year.
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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