nLIGHT, Inc. (NASDAQ:LASR – Get Free Report) CEO Scott H. Keeney sold 15,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $11.11, for a total transaction of $166,650.00. Following the completion of the sale, the chief executive officer now owns 1,347,781 shares of the company’s stock, valued at approximately $14,973,846.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
nLIGHT Stock Performance
Shares of nLIGHT stock opened at $11.44 on Friday. The stock has a 50 day moving average of $11.01 and a 200 day moving average of $11.71. The firm has a market capitalization of $550.61 million, a price-to-earnings ratio of -10.59 and a beta of 2.35. nLIGHT, Inc. has a fifty-two week low of $8.13 and a fifty-two week high of $15.00.
nLIGHT (NASDAQ:LASR – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.03. The business had revenue of $50.51 million during the quarter, compared to analysts’ expectations of $49.23 million. nLIGHT had a negative return on equity of 19.58% and a negative net margin of 25.62%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) EPS. Analysts forecast that nLIGHT, Inc. will post -0.98 EPS for the current year.
Institutional Investors Weigh In On nLIGHT
Wall Street Analyst Weigh In
LASR has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on nLIGHT in a report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price target for the company. Benchmark reiterated a “speculative buy” rating and set a $17.00 price target on shares of nLIGHT in a report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of nLIGHT in a report on Monday, August 5th.
Get Our Latest Analysis on nLIGHT
About nLIGHT
nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.
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