Exfo Inc (NASDAQ:EXFO) (TSE:EXF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $3.75. Exfo shares last traded at $3.75, with a volume of 700 shares trading hands.
Several research firms recently weighed in on EXFO. Zacks Investment Research cut shares of Exfo from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. ValuEngine cut shares of Exfo from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Finally, Northland Securities reiterated a “buy” rating and issued a $5.50 price target on shares of Exfo in a report on Thursday, July 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Exfo has an average rating of “Hold” and a consensus target price of $4.30.
The company has a market capitalization of $209.94 million, a PE ratio of 41.33 and a beta of 1.07. The stock has a fifty day moving average price of $3.83. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.02.
Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its earnings results on Wednesday, July 10th. The communications equipment provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $73.59 million for the quarter, compared to analyst estimates of $74.40 million. Exfo had a positive return on equity of 3.65% and a negative net margin of 2.17%. Sell-side analysts predict that Exfo Inc will post 0.17 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Exfo in the 2nd quarter valued at about $107,000. Brandes Investment Partners LP purchased a new stake in Exfo during the 2nd quarter valued at approximately $778,000. Global Alpha Capital Management Ltd. purchased a new stake in Exfo during the 2nd quarter valued at approximately $96,000. Hillsdale Investment Management Inc. purchased a new stake in Exfo during the 2nd quarter valued at approximately $918,000. Finally, White Pine Capital LLC raised its stake in shares of Exfo by 41.4% during the 1st quarter. White Pine Capital LLC now owns 454,815 shares of the communications equipment provider’s stock worth $1,674,000 after buying an additional 133,200 shares in the last quarter. Hedge funds and other institutional investors own 10.13% of the company’s stock.
Exfo Company Profile (NASDAQ:EXFO)
EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.
Further Reading: What is the outlook for the FAANG stocks?
Receive News & Ratings for Exfo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exfo and related companies with MarketBeat.com's FREE daily email newsletter.