II-VI Incorporated develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments, Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in high-power CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication. The Photonic Solutions segment manufactures transceivers for data centers and telecom optical networks; pump lasers, optical amplifiers, wavelength selective switches, and advanced components for telecom networks; and crystal materials, optics, lasers, and optoelectronic modules in a range of applications, including optical communications, life sciences, and consumer electronics markets. The company serves original equipment manufacturers, laser end users, system integrators of high-power lasers, U.S. government prime contractors, and various U.S. government agencies, as well as manufacturers of equipment and devices for industrial, optical communications, consumer electronics, and security and monitoring applications. II-VI Incorporated was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on IIVI shares. TheStreet downgraded II-VI from a "b-" rating to a "c" rating in a report on Friday, July 1st. Barclays reduced their price target on II-VI from $65.00 to $47.00 and set an "underweight" rating on the stock in a report on Monday, July 25th. Morgan Stanley downgraded II-VI from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $75.00 to $59.00 in a report on Friday. Susquehanna Bancshares reduced their price target on II-VI to $58.00 in a report on Monday, July 25th. Finally, Raymond James reduced their price target on II-VI from $82.00 to $81.00 and set an "outperform" rating on the stock in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $77.92.
II-VI Stock Up 0.6 %
II-VI stock traded up $0.31 during trading hours on Monday, hitting $53.25. 973,314 shares of the stock traded hands, compared to its average volume of 1,519,855. The firm's 50-day moving average price is $52.43 and its two-hundred day moving average price is $60.95. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.67 billion, a PE ratio of 29.42, a PEG ratio of 1.41 and a beta of 1.45. II-VI has a one year low of $45.78 and a one year high of $75.05.