SUNNY OPTICAL TECH HKD0.10 (NASDAQ:SNPTF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage currently has a $18.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 12.01% from the stock’s current price.

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) opened at 16.07 on Friday. SUNNY OPTICAL TECH HKD0.10 has a 1-year low of $4.17 and a 1-year high of $16.59. The company has a market cap of $17.46 billion and a PE ratio of 58.86. The firm’s 50-day moving average is $13.67 and its 200-day moving average is $9.57.

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