II-VI Incorporated (IIVI) is priced at $74.43 after the most recent trading session. At the very opening of the session, the stock price was $78.45 and reached a high price of $78.50, prior to closing the session it reached the value of $78.19. The stock touched a low price of $73.70.
Recently in News on December 16, 2020, Coherent and II-VI to Jointly Supply Turnkey Automotive and Electrification Welding Solutions. Coherent (Nasdaq: COHR), and II–VI Incorporated (Nasdaq: IIVI) today announced that they have entered into a supply agreement creating a collaboration to enable faster process development and streamlined production services for automotive laser welding applications. These include high-strength alloy welding for automotive body-in-white applications and mass production copper welding for electrification applications. Specifically, the combination of II-VI’s advanced laser processing heads and the Coherent Adjustable Ring Mode (ARM) fiber laser technology delivers power adjustment and beam positioning on the fly to produce optimal welds with the highest quality at a very high speed and over large working areas, increasing the efficiency and decreasing the cost of ownership. You can read further details here
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II-VI Incorporated had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $79.77 on 12/28/20, with the lowest value was $19.00 for the same time period, recorded on 03/12/20.
II-VI Incorporated (IIVI) full year performance was 120.27%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, II-VI Incorporated shares are logging -6.69% during the 52-week period from high price, and 291.74% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $19.00 and $79.77.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 982318 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the II-VI Incorporated (IIVI) recorded performance in the market was 121.06%, having the revenues showcasing 81.58% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.63B, as it employees total of 22969 workers.
Specialists analysis on II-VI Incorporated (IIVI)
During the last month, 0 analysts gave the II-VI Incorporated a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 52.49, with a change in the price was noted +22.17. In a similar fashion, II-VI Incorporated posted a movement of +42.42% for the period of last 100 days, recording 1,421,520 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IIVI is recording 0.60 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.57.
Trends and Technical analysis: II-VI Incorporated (IIVI)
Raw Stochastic average of II-VI Incorporated in the period of last 50 days is set at 85.10%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.84%. In the last 20 days, the company’s Stochastic %K was 79.22% and its Stochastic %D was recorded 84.89%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 121.06%. Additionally, trading for the stock in the period of the last six months notably improved by 57.62%, alongside a boost of 120.27% for the period of the last 12 months. The shares increased approximately by -0.23% in the 7-day charts and went down by 12.08% in the period of the last 30 days. Common stock shares were driven by 81.58% during last recorded quarter.