Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Rudolph Technologies (RTEC) Stock Price
Press coverage about Rudolph Technologies (NYSE:RTEC) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rudolph Technologies earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 45.8013975059812 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- B. Riley Reaffirms Buy Rating for Rudolph Technologies, Inc. (RTEC) (americanbankingnews.com)
- Rudolph Technologies, Inc. breached its 50 day moving average in a Bullish Manner : RTEC-US : September 15, 2017 (finance.yahoo.com)
- Rudolph Announces Multiple Customers’ Acceptance of Its Firefly Inspection System (finance.yahoo.com)
- Rudolph Technologies, Inc. (RTEC) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Rudolph Technologies Launches New Truebump Technology at SEMICON Taiwan 2017 (finance.yahoo.com)
Shares of Rudolph Technologies (NYSE:RTEC) opened at 23.30 on Monday. The stock has a 50 day moving average of $22.36 and a 200-day moving average of $23.22. The company has a market capitalization of $734.88 million, a price-to-earnings ratio of 23.51 and a beta of 1.12. Rudolph Technologies has a 52 week low of $16.80 and a 52 week high of $27.30.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $67.40 million during the quarter, compared to analyst estimates of $65.60 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. Rudolph Technologies’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. On average, analysts anticipate that Rudolph Technologies will post $1.17 EPS for the current year.
RTEC has been the subject of a number of analyst reports. Stifel Nicolaus upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Friday, June 16th. They noted that the move was a valuation call. BidaskClub lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research note on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.20.
Rudolph Technologies Company Profile
Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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