News headlines about II-VI (NASDAQ:IIVI) have been trending positive on Friday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. II-VI earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave news stories about the scientific and technical instruments company an impact score of 46.492041951731 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Lumentum (LITE) to Benefit from 3D Sensing Megatrade, Barclays Says in Upgrade – StreetInsider.com (streetinsider.com)
- II-VI, Inc. (IIVI) Expected to Announce Earnings of $0.37 Per Share (americanbankingnews.com)
- Top-Rated Stocks Near Buy Point With Earnings Due: II-VI (finance.yahoo.com)
- II-VI Incorporated Introduces the EverGen® PowerStrap™ Generator for Thermal Energy Harvesting in the Oil and Gas Industry (finance.yahoo.com)
- II-VI Incorporated Introduces Wide Incidence Angle Mirror for LiDAR (finance.yahoo.com)
II-VI (NASDAQ:IIVI) opened at $50.70 on Friday. II-VI has a 52-week low of $27.25 and a 52-week high of $52.55. The stock has a market capitalization of $3,160.00, a P/E ratio of 32.92 and a beta of 0.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.89 and a quick ratio of 2.63.
A number of research firms have commented on IIVI. BidaskClub raised II-VI from a “hold” rating to a “buy” rating in a research report on Wednesday. increased their target price on II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Needham & Company LLC increased their target price on II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. ValuEngine lowered II-VI from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Craig Hallum reissued a “buy” rating and issued a $58.00 target price (up previously from $50.00) on shares of II-VI in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.64.
In related news, CFO Mary Jane Raymond sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the chief financial officer now owns 53,415 shares in the company, valued at approximately $2,403,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard H. Xia sold 4,135 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $51.58, for a total value of $213,283.30. The disclosure for this sale can be found here. Insiders sold a total of 36,712 shares of company stock worth $1,699,046 in the last 90 days. 3.80% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: This article was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.themarketsdaily.com/2018/01/12/ii-vi-iivi-getting-positive-press-coverage-report-shows.html.
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names.
Receive News & Ratings for II-VI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for II-VI and related companies with MarketBeat.com's FREE daily email newsletter.