IPG Photonics Corporation using SYMBOL code NASDAQ:IPGP has had its stock rating noted as ‘Coverage Initiated’ with the recommendation being set at ‘BUY’ this morning by analysts at The Benchmark Company. IPG Photonics Corporation are listed in the Technology sector within NASDAQ. The Benchmark Company have set a target price of 111 USD on its stock. This now indicates the analyst believes there is a potential upside of 15.1% from the opening price of 96.41 USD. IPG Photonics Corporation NASDAQ:IPGP has a 50 day moving average of 95.97 USD and a 200 Day Moving Average share price is recorded at 81.76 USD. The 52 week high for the stock is 102.49 USD while the 52 week low for the share price is 60.75 USD.
IPG Photonics Corporation NASDAQ:IPGP (IPG) is the developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used in numerous applications in diverse end markets. The Company’s diverse lines of low, mid and high-power lasers and amplifiers are used in materials processing, advanced, communications and medical applications. The Company has sales offices in the United States, Germany, Russia, Italy, Turkey, the United Kingdom, France, Spain, Poland, China, Japan, South Korea, Singapore and India. Its major manufacturing facilities are located in the United States, Germany and Russia. It designs and manufactures components used in its finished products, from semiconductor diodes to optical fibers and other components, finished fiber lasers and amplifiers. It also manufactures certain complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical heads and chillers.