Short Interest in FEI Company Rises By 24.2% (FEIC)
FEI Company (NASDAQ:FEIC) was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 1,707,342 shares, a growth of 24.2% from the July 31st total of 1,374,570 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 296,500 shares, the days-to-cover ratio is currently 5.8 days. Currently, 4.1% of the company’s stock are sold short.
A number of research firms have recently commented on FEIC. Analysts at Sidoti upgraded shares of FEI Company from a “neutral” rating to a “buy” rating in a research note on Monday, August 4th. Separately, analysts at DA Davidson upgraded shares of FEI Company from a “neutral” rating to a “buy” rating in a research note on Thursday, July 31st. They now have a $4.50 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “buy” rating on shares of FEI Company in a research note on Thursday, July 31st. They now have a $96.00 price target on the stock, down previously from $100.00. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $82.25.
Shares of FEI Company (NASDAQ:FEIC) opened at 83.90 on Thursday. FEI Company has a 1-year low of $75.32 and a 1-year high of $111.57. The stock’s 50-day moving average is $83.9 and its 200-day moving average is $90.24. The company has a market cap of $3.520 billion and a price-to-earnings ratio of 30.07.
FEI Company (NASDAQ:FEIC) last released its earnings data on Wednesday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $235.22 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that FEI Company will post $3.15 EPS for the current fiscal year.
FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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