II-VI Incorporated stock performance trend indicates that the stock price has rallied 18.15% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 44.47% . Looking at the past 52 week period, the stock price is up at 63.64% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of II-VI Incorporated has a positive value of 74.89 compared to overall market.II-VI Incorporated is having a Relative Strength Index of 50.65 which indicates the stock is not yet over sold or over bought based on the technical indicators.
II-VI Incorporated (NASDAQ:IIVI) has tumbled 0.78% during the past week and has dropped 9.87% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.01%. II-VI Incorporated (NASDAQ:IIVI) has underperformed the index by 10.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. II-VI Incorporated (NASDAQ:IIVI) : On Friday heightened volatility was witnessed in II-VI Incorporated (NASDAQ:IIVI) which led to swings in the share price. The stock opened for trading at $33.35 and hit $35.35 on the upside , eventually ending the session at $35.15, with a gain of 4.61% or 1.55 points. The heightened volatility saw the trading volume jump to 1,494,795 shares. The 52-week high of the share price is $41.1 and the company has a market cap of $2,199 million. The 52-week low of the share price is at $17.76 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Jan 25, 2017 to Buy, Raises Price Target to $ 40 from a previous price target of $32 .Company shares were Reiterated by The Benchmark Company on Jan 24, 2017 to Buy, Raises Price Target to $ 40 from a previous price target of $37 .
Company has reported several Insider transactions to the SEC, on Mar 3, 2017, Marc Y E Pelaez (director) sold 3,605 shares at 36.62 per share price.On Mar 1, 2017, Francis J Kramer (director) sold 49,950 shares at 36.05 per share price.On Feb 16, 2017, Vincent D Jr Mattera (President & CEO) sold 7,000 shares at 39.05 per share price.
II-VI Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.23. Analyst had a consensus of $0.26. The company had revenue of $231.80 million for the quarter, compared to analysts expectations of $221.48 million. The companys revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
II-VI Incorporated designs, manufactures and markets optical and opto-electronic components, devices and materials for infrared, near-infrared, visible light, x-ray and gamma ray instrumentation. The Companys infrared optics business manufactures optical and opto-electronic components sold under the II-VI brand name and used primarily in CO2 lasers. The Companys near-infrared optics business manufactures near-infrared & visible light products for industrial, scientific, military & medical instruments and laser gain materials and products for solid-state YAG and YLF lasers at the Companys VLOC subsidiary. The Companys military infrared optics business manufactures infrared products for military applications under the Exotic Electro-Optics brand name.