The Goldman Sachs Group started coverage on shares of PENG (NASDAQ:PENG - Free Report) in a research report report published on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $21.00 price objective on the stock.
A number of other brokerages have also recently commented on PENG. Needham & Company LLC reduced their price target on PENG from $35.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Barclays cut their target price on PENG from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus cut their target price on shares of PENG from $32.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th.
Check Out Our Latest Report on PENG
PENG Trading Up 6.1 %
Shares of PENG stock traded up $0.92 during trading hours on Friday, reaching $15.97. 1,889,455 shares of the stock traded hands, compared to its average volume of 1,061,148. PENG has a one year low of $13.44 and a one year high of $29.81. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 1.65. The company has a market cap of $851.04 million, a P/E ratio of -15.97 and a beta of 1.67.
About PENG
(
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SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.
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