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II-VI (NASDAQ:IIVI) Director Carl J. Johnson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $14.18, for a total value of $70,900.00. Following the completion of the sale, the director now directly owns 369,253 shares in the company, valued at approximately $5,236,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Zacks downgraded shares of II-VI from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 7th. They now have a $13.10 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. II-VI has an average rating of “Hold” and an average price target of $15.96.

II-VI (NASDAQ:IIVI) traded down 0.35% during mid-day trading on Tuesday, hitting $14.08. 204,496 shares of the company’s stock traded hands. II-VI has a one year low of $12.63 and a one year high of $20.80. The stock has a 50-day moving average of $13.96 and a 200-day moving average of $14.58. The company has a market cap of $868.7 million and a price-to-earnings ratio of 23.47.

II-VI (NASDAQ:IIVI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $187.90 million for the quarter, compared to the consensus estimate of $183.90 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts expect that II-VI will post $0.80 EPS for the current fiscal year.

II-VI Incorporated (NASDAQ:IIVI) develops, refines, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, telecommunications, photovoltaic, medical and aerospace applications.

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