Aeroflex Holding Corp. Reaches New 1-Year High at $10.95 (ARX)
Aeroflex Holding Corp. (NYSE:ARX) hit a new 52-week high during mid-day trading on Friday , American Banking News reports. The company traded as high as $10.95 and last traded at $10.76, with a volume of 43,567 shares traded. The stock had previously closed at $10.81.
Separately, analysts at Needham & Company LLC downgraded shares of Aeroflex Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. They now have a $10.50 price target on the stock, up previously from $10.00.
The stock’s 50-day moving average is $10.59 and its 200-day moving average is $9.17. The company’s market cap is $916.9 million.
Aeroflex Holding Corp. (NYSE:ARX) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems.
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