Electro Scientific Industries, Inc. (NASDAQ:ESIO)’s share price rose 5.1% during trading on Friday . The company traded as high as $24.77 and last traded at $24.39. Approximately 1,918,400 shares were traded during trading, an increase of 487% from the average daily volume of 326,946 shares. The stock had previously closed at $23.21.

ESIO has been the topic of a number of recent research reports. Lake Street Capital reiterated a “buy” rating and set a $14.50 price target (up previously from $10.50) on shares of Electro Scientific Industries in a report on Monday, September 18th. Zacks Investment Research downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Needham & Company LLC lifted their target price on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. Finally, BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.25.

The company has a quick ratio of 1.96, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Electro Scientific Industries (NASDAQ:ESIO) last announced its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The business had revenue of $70.97 million during the quarter, compared to the consensus estimate of $65.53 million. During the same quarter last year, the firm earned ($0.24) earnings per share. Electro Scientific Industries’s quarterly revenue was up 139.3% on a year-over-year basis. research analysts anticipate that Electro Scientific Industries, Inc. will post 1.14 EPS for the current year.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the completion of the sale, the chief financial officer now directly owns 237,665 shares of the company’s stock, valued at $5,582,750.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.22% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Algert Global LLC bought a new stake in Electro Scientific Industries in the third quarter valued at $5,205,000. Cubist Systematic Strategies LLC bought a new stake in Electro Scientific Industries in the third quarter valued at $379,000. Highbridge Capital Management LLC bought a new stake in Electro Scientific Industries in the third quarter valued at $864,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Electro Scientific Industries in the third quarter valued at $395,000. Finally, OxFORD Asset Management LLP bought a new stake in Electro Scientific Industries in the third quarter valued at $2,609,000. 68.71% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Electro Scientific Industries, Inc. (ESIO) Stock Price Up 5.1%” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/17/electro-scientific-industries-inc-esio-stock-price-up-5-1.html.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Receive News & Stock Ratings for Electro Scientific Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries Inc. and related stocks with our FREE daily email newsletter.