Transphorm (OTCMKTS:TGAN) Stock Rating Reaffirmed by B. Riley

Transphorm (OTCMKTS:TGAN)‘s stock had its “buy” rating reaffirmed by investment analysts at B. Riley in a report released on Thursday, The Fly reports. They presently have a $9.50 target price on the stock, up from their previous target price of $8.50. B. Riley’s price objective would suggest a potential upside of 35.91% from the stock’s previous close.

Separately, Zacks Investment Research cut shares of Transphorm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 9th.

Shares of TGAN opened at $6.99 on Thursday. The stock has a 50-day moving average of $5.26 and a 200-day moving average of $3.89. Transphorm has a one year low of $2.30 and a one year high of $50.00.

About Transphorm

Transphorm, Inc designs and manufactures gallium nitride (GaN) field effect transistors. It offers products for various high-voltage power conversion applications, such as server/storage products, PV inverters, automotive products, and motor control. The company offers products through sales representatives and distributors in the Americas, the EMEA, Japan, China and ASEAN, Korea, and Taiwan.

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