Electro Scientific Industries (NASDAQ:ESIO) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, June 22nd.
ESIO has been the topic of a number of other research reports. Lake Street Capital set a $30.00 price target on shares of Electro Scientific Industries and gave the company a “buy” rating in a report on Thursday, March 22nd. ValuEngine raised shares of Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Finally, Stifel Nicolaus initiated coverage on shares of Electro Scientific Industries in a research report on Wednesday, March 14th. They set a “buy” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.40.
NASDAQ:ESIO opened at $15.77 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.49 and a quick ratio of 2.41. Electro Scientific Industries has a 52 week low of $7.50 and a 52 week high of $27.72. The firm has a market cap of $542.60 million, a P/E ratio of 5.88, a PEG ratio of 0.59 and a beta of 0.96.
Institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC acquired a new position in shares of Electro Scientific Industries during the fourth quarter valued at about $118,000. LS Investment Advisors LLC boosted its position in Electro Scientific Industries by 723.4% in the fourth quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 6,467 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its position in Electro Scientific Industries by 134.2% in the first quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 5,255 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Electro Scientific Industries by 1,793.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,581 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 9,075 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in Electro Scientific Industries in the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
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