The stock of Coherent Corp (NYSE:COHR) last traded at $54.70, down -1.08% from the previous session.
COHR stock price is now -5.74% away from the 50-day moving average and 21.72% away from the 200-day moving average. The market capitalization of the company currently stands at $8.30B.
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With the price target enhanced from $38 to $60, Barclays Upgraded its rating from Equal Weight to Overweight for Coherent Corp (NYSE: COHR). On December 13, 2023, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $39 to quote $45, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, BASHAW WALTER ROBERT II, President sold 4,375 shares of the company’s stock on May 01 ’24. The stock was sold for $238,503 at an average price of $54.51. Upon completion of the transaction, the President now directly owns 104,034 shares in the company, valued at $5.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 15 ’24, Chief Executive Officer MATTERA VINCENT D JR sold 5,000 shares of the business’s stock. A total of $265,483 was realized by selling the stock at an average price of $53.10. This leaves the insider owning 669,684 shares of the company worth $36.63 million. A total of 3.36% of the company’s stock is owned by insiders.
During the past 12 months, Coherent Corp has had a low of $26.29 and a high of $67.94. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 2.71, and a quick ratio of 1.72.
The net profit margin was -9.02% and return on equity was -3.78% for COHR. The company reported revenue of $1.21 billion for the quarter, compared to $1.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.53 percent.
