Media headlines about II-VI (NASDAQ:IIVI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. II-VI earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- IL Decreases Position in Air Products and Chemicals, Inc. (APD) (ismboard.com)
- Air Products and Chemicals, Inc. (NYSE:APD) Position Held by Simmons Bank (nolopodrasdejardever.com)
- II-VI Incorporated (NASDAQ:IIVI) Receives New Coverage from Analysts at Northland Securities (americanbankingnews.com)
- II-VI Incorporated (IIVI) Given Buy Rating at Benchmark Co. (americanbankingnews.com)
Shares of II-VI (NASDAQ:IIVI) traded up 1.763% on Monday, hitting $36.075. The stock had a trading volume of 279,635 shares. II-VI has a 12-month low of $18.53 and a 12-month high of $41.10. The company’s 50-day moving average price is $32.52 and its 200 day moving average price is $33.48. The firm has a market cap of $2.28 billion, a P/E ratio of 30.037 and a beta of 0.05.
II-VI (NASDAQ:IIVI) last posted its quarterly earnings data on Tuesday, May 2nd. The scientific and technical instruments company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. II-VI had a return on equity of 12.49% and a net margin of 8.19%. The company had revenue of $245 million for the quarter, compared to the consensus estimate of $240.55 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast that II-VI will post $1.33 earnings per share for the current fiscal year.
IIVI has been the subject of several research analyst reports. Zacks Investment Research cut II-VI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Benchmark Co. reiterated a “buy” rating and issued a $40.00 price objective on shares of II-VI in a research report on Tuesday, July 4th. ValuEngine upgraded II-VI from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. BidaskClub upgraded II-VI from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective (down previously from $40.00) on shares of II-VI in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. II-VI presently has an average rating of “Buy” and an average price target of $40.55.
In other news, Director Wendy F. Dicicco sold 2,500 shares of the business’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $33.19, for a total value of $82,975.00. Following the sale, the director now owns 33,046 shares of the company’s stock, valued at approximately $1,096,796.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names.
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