SUNNY OPTICAL TECH HKD0.10 (NASDAQ:SNPTF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $16.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 15.77% from the stock’s previous close.

According to Zacks, “Sunny Optical Technology Group Co., Limited is engaged in the design, research and development, manufacture and sales of optical and optical-related products. Optical components product includes glass spherical and aspherical lenses, plane products, handset lens sets, vehicle lens sets and other various lens sets. Optoelectronic products includes handset camera modules, three-dimensional optoelectronic products, security cameras and other optoelectronic modules and optical instruments includes microscopes, optical measuring instruments and various high-end optical analytical instrument. Sunny Optical Technology Group Co., Limited is based in Yuyao, the People’s Republic of China. “

Shares of SUNNY OPTICAL TECH HKD0.10 (NASDAQ SNPTF) traded down 2.40% during mid-day trading on Wednesday, hitting $13.82. The company’s stock had a trading volume of 3,734 shares. The company has a market cap of $15.02 billion and a PE ratio of 51.19. The stock has a 50-day moving average of $13.16 and a 200-day moving average of $9.25. SUNNY OPTICAL TECH HKD0.10 has a 12-month low of $4.17 and a 12-month high of $15.00.

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