IPG Photonics Corporation using SYMBOL/TICKER code NASDAQ:IPGP had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘BUY’ today by analysts at DA Davidson. IPG Photonics Corporation are listed in the Technology sector within NASDAQ. DA Davidson have set their target price at 110 USD on its stock. This would indicate that the analyst believes there is a potential upside of 36.2% from the opening price of 80.79 USD.
IPG Photonics Corporation NASDAQ:IPGP has a 50 day moving average of 87.61 USD and a 200 day moving average of 89.18 USD. The 1 year high for the stock price is 102.49 USD while the 52 week low is 60.75 USD. Over the last 30 and 90 trading days the company share price has decreased 13.23 points and decreased 16.88 points respectively. There are currently 52,724,368 shares in issue with the average daily volume traded being 440,209. Market capitalisation for NASDAQ:IPGP is $4,254,592,860.00 USD.
IPG Photonics Corporation NASDAQ:IPGP is a developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used for various applications, primarily in materials processing. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced, communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes, direct diode lasers, laser systems, communications systems and materials processing laser systems that utilize its optical fiber-based products, as well as other laser sources. It also manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers.