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Electro Scientific Industries, Inc. (NASDAQ:ESIO) Receives Outperform Consensus From Wall Street Analysts

Electro Scientific Industries, Inc. (NASDAQ:ESIO) has received a consensus outperform rating from Wall Street analysts. The opening price for the company’s stock was $26.3 with the volume amounting to 2.04 million shares compared to the average volume of 1.28 million shares. Electro Scientifics company stock experienced a 0.53% move to reach $26.44.

The company has a consensus outperform rating from 3 Wall Street analysts and the number of shares sold short amount to at least 11.01% of shares outstanding. Last month the stock spiked 18.04% and is up by 23.38% this year. With 3 analysts covering ESIO having a buy-equivalent rating, Wall Street is getting more bullish on the stock.

Trade analysts have estimated a price target at $32.33 on the company thereby suggesting a gain of 22.28% after the recent close. The current trading of around -4.62% is below its 52-week high. The revenue of the company totaled $65.53 million down by -9.84% from its previous quarter.

Intraday View Of Electro Scientific Industries

 The intraday view of the company reveals that its stock is ahead of its low of last 52 weeks with 333.44%. The volatility of the stock price of the last month remained to around 6.41% and in the recent week stood at 4.98%. The share price has moved ahead from its average 20 days of moving and is trading at a distance of around 23. 48%. It stayed away by 18.22% from its average moving of 50 days.

In the last five days, the shares of Electro Scientific Industries have managed to gain by 30.63% and now has rose to 97.38% since reaching its 200-day moving average of $19.09.

Electro Scientific Industries Inc along with its subsidiaries supplies laser-based manufacturing solutions to industries that rely on microtechnologies. The company primarily is known for providing printed circuit boards, including laser via drilling systems for electrical interconnect applications, micro via drilling technology addressing the changing applications in integrated circuit packages, high density interconnect circuit boards, multichip molecules, and ultraviolet processing systems that comprise of multi-beam and single-beam systems.

About the author

Daryl Brant

Brant is Investing News Center's writer focused on technology companies.

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