Coherent, Inc. (NASDAQ:COHR):
Coherent Announces the Completion of Divestiture of Hull, England Operations.
The company is now up by 4.33%% since yesterday’s close of 247.99.
Coherent, Inc., launched on January 11, 1989, is a photonics manufacturer. The Company is involved in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. The Company operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC). The Specialty Lasers and Systems segment develops and manufactures configurable products serving the microelectronics, scientific research and government programs, and original equipment manufacturer (OEM) components and instrumentation markets. The Commercial Lasers and Components segment focuses on higher volume products that are offered in set configurations. The product architectures are designed for exchange at the point of use such that substantially all product service and repairs are based upon advanced replacement and depot (that is factory) repair. CLC’s primary markets include materials processing, OEM components, and instrumentation and microelectronics..
Shares last traded at $258.74 which is slightly above the 50 day moving average of $241.44 and which is impressively higher than the 200 day moving average of $234.86. The 50 day moving average was up $17.30 or +7.16% whereas the 200 day moving average was up $23.88 or +10.17%.
The P/E ratio is 38.96 and market capitalization is 6.37B. As of the latest earnings report the EPS was $6.64 and is expected to be $12.28 for the current year with 24,631,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $3.27 and the next full year EPS is anticipated to be $14.45.
Traders are a little more bullish on shares of the company if you take a look at the fall in short interest. The company realized a fall in short interest of -1.52% as of the latest report on September 15, 2017. Short shares decreased from 1,794,823 to 1,767,482 over that timeframe. With short interest at 1,767,482 and short average daily volume at 488,659, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.07% as of September 15.