Analysts Expect MRV Communications, Inc. (MRVC) to Post ($0.09) Earnings Per Share
Shares of MRV Communications, Inc. (NASDAQ:MRVC) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $12.50 for the company and are expecting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also given MRV Communications an industry rank of 72 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded MRV Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, January 4th.
Shares of MRV Communications (NASDAQ:MRVC) traded up 0.53% during mid-day trading on Friday, hitting $9.55. 5,045 shares of the stock were exchanged. The stock’s market cap is $64.95 million. MRV Communications has a 12 month low of $7.05 and a 12 month high of $13.09. The stock’s 50 day moving average is $9.76 and its 200-day moving average is $9.08.
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An institutional investor recently raised its position in MRV Communications stock. Cadence Capital Management LLC boosted its position in MRV Communications, Inc. (NASDAQ:MRVC) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,846 shares of the technology company’s stock after buying an additional 1,849 shares during the period. Cadence Capital Management LLC owned 1.06% of MRV Communications worth $586,000 as of its most recent SEC filing. Institutional investors own 40.92% of the company’s stock.
MRV Communications Company Profile
MRV Communications, Inc (MRV) is a supplier of communications solutions to telecommunications service providers, enterprises and governments throughout the world. The Company’s products enable customers to provide high-bandwidth data, and video services and mobile communications services. The Company operates through Network Equipment segment.
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