Super Micro Computer (SMCI) Stock Price Down 6.1%
Super Micro Computer, Inc. (NASDAQ:SMCI) fell 6.1% on Thursday . The company traded as low as $18.60 and last traded at $18.60. 560,832 shares changed hands during trading, a decline of 3% from the average session volume of 579,590 shares. The stock had previously closed at $19.80.
A number of brokerages have weighed in on SMCI. Maxim Group lifted their target price on Super Micro Computer from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. BidaskClub raised Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Zacks Investment Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Wells Fargo & Co started coverage on Super Micro Computer in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.75.
The stock has a market cap of $905.69, a PE ratio of 14.07, a P/E/G ratio of 0.96 and a beta of -0.15. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.
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Super Micro Computer Company Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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