Separately, ValuEngine raised shares of NVE from a hold rating to a buy rating in a research note on Wednesday, October 2nd.
NASDAQ:NVEC traded down $0.18 during mid-day trading on Tuesday, hitting $66.06. 489 shares of the stock traded hands, compared to its average volume of 36,604. The business’s 50-day moving average price is $66.69 and its 200 day moving average price is $73.90. The company has a market cap of $320.39 million, a PE ratio of 23.22 and a beta of 1.37. NVE has a 12-month low of $61.46 and a 12-month high of $104.30.
NVE Company Profile
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.
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