IPG Photonics (NASDAQ:IPGP) is set to announce its earnings results before the market opens on Friday, February 16th. Analysts expect the company to announce earnings of $1.71 per share for the quarter.
Shares of IPG Photonics (NASDAQ:IPGP) opened at $226.98 on Friday. IPG Photonics has a 12-month low of $111.51 and a 12-month high of $264.11. The firm has a market capitalization of $12,220.00, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.65 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.
In related news, CFO Timothy Pv Mammen sold 2,500 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $261.53, for a total transaction of $653,825.00. Following the completion of the transaction, the chief financial officer now owns 33,600 shares of the company’s stock, valued at approximately $8,787,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total value of $2,081,700.00. Following the transaction, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at approximately $4,768,342.02. The disclosure for this sale can be found here. Insiders have sold a total of 49,500 shares of company stock valued at $11,979,620 in the last three months. 33.80% of the stock is owned by insiders.
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About IPG Photonics
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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