The recent close of $17.64 is approximately 8% below the fair value buy target for the stock and approximately 55% below the fair value close target for the stock. The recent close is also 1% above analysts' twelve-month $17.50 median price target for the stock.
The recent close represents a 6.5% decrease in the year over year price of the stock.
The stock currently has a trailing twelve-month PE Ratio of 13, and a PEG Ratio of 1.5 basis estimated forward earnings growth of 8.5%.
In the past 52 weeks, share prices have moved between a high of $20.00 and a low of $14.38, placing equilibrium at $17.98.
Basis the recent close, the stock is trading 13% below the 52 week high, 19% above the 52 week low, 2% below equilibrium, and has an average daily trading volume of approximately 204,000 shares.
II-VI Incorporated develops, refines, manufactures, and markets engineered materials and opto-electronic components and products worldwide.
The company's listed competitors include Northrop Grumman Corporation, Compagnie de Saint-Gobain, and Sumitomo Electric Industries Ltd..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending June 30, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.