The company is now up from yesterday’s close of $150.67. Shares are trading at $152.80 slightly over the 50 day moving average of $141.23 and which is slightly above the 200 day moving average of $121.19. The 50 day moving average was up $11.43 and the 200 day average was up $31.47.
Short traders are feeling a little more bullish on IPG Photonics Corporation of late if you consider the change in short interest. The firm had a fall in short interest of -3.89% as of the latest report on May 31, 2017. Short interest fell 81,690 over that period. Days to cover decreased from 8.1 to 6.8 and the percentage of shorted shares was 0.04% on May 31.
Here is the rundown on market activity for IPG Photonics Corporation (NASDAQ:IPGP). Thomas J. Seifert, Director disclosed the sale of 3,950 shares of IPGP stock. The shares were purchased at an average price of $139.87. Seifert now owns $788,867 of the stock according to the SEC filing. Igor Samartsev, CTO reported the sale of 2,000 shares. The shares were sold on May 30th for an average price of $140.14. The CTO now owns $7,567,560 of the stock per the Form 4 SEC filing.
Sr VP Angelo P. Lopresti sold 4,626 shares at an average price of $138.00 on May 11th. Lopresti now owns $5,211,570 of stock as reported to the SEC.
IPG Photonics Corporation, launched on December 2, 1998, is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Business’s manufacturing facilities are located in the United States, Germany and Russia. The Company offers laser-based systems for certain markets and applications. The Company also makes packaged diodes, direct diode lasers, laser systems and communications components and systems. Its products are designed to be used as general-purpose energy or light sources..
Here are some other firms who have updated their holdings. As of the end of the quarter Atria Investments LLC had sold a total of 217 shares trimming its holdings by 4.3%. The value of the investment in (IPGP) went from $606,000 to $697,000 a change of 15.0% for the reporting period. Bank Of Montreal /can/ trimmed its investment by selling 8 shares a decrease of 2.2% as of 06/30/2017. Bank Of Montreal /can/ now controls 354 shares worth $51,000. The total value of its holdings increased 15.9%.
Capstone Asset Management Co augmented its ownership by buying 190 shares an increase of 4.9%. Capstone Asset Management Co currently owns 4,100 shares with a value of $595,000. The value of the position overall is up by 26.1%. Handelsbanken Fonder Ab bolstered its stake by buying 38,487 shares an increase of 9.3% from 03/31/2017 to 06/30/2017. Handelsbanken Fonder Ab controls 452,042 shares valued at $65,591,000. The value of the position overall is up by 31.4%.
On June 6 the stock rating was upgraded to “Buy” from “” in a report issued by Longbow Research. On June 29, 2016 the stock rating was set at “Buy” in a report from Canaccord Genuity which is up from the previous “Hold” rating.
On April 29 the company was downgraded from “” to “Neutral” by CLSA. On April 28 the company was rated “Neutral” by Dougherty & Company down from the previous “” rating.
On April 15, 2016 Raymond James added the stock to its research portfolio giving it an initial rating of “Market Perform”. On December 10 analysts at Oppenheimer started covering the stock by announcing an initial rating of “Perform”.
IPG Photonics Corporation currently has a P/E ratio of 28.754 and the market cap is 8.19B. In the last earnings report the EPS was $5.31 and is projected to be $5.95 for the current year with 53,681,000 shares presently outstanding. Next quarter’s EPS is expected be $1.54 with next year’s EPS projected to be $6.62.