nLIGHT (LASR) Projected to Post Earnings on Thursday

nLIGHT (NASDAQ:LASR - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $46.62 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.

nLIGHT Price Performance

nLIGHT stock traded down $0.51 during midday trading on Friday, hitting $10.03. The company's stock had a trading volume of 240,725 shares, compared to its average volume of 305,882. The company has a market cap of $485.75 million, a price-to-earnings ratio of -9.74 and a beta of 2.18. The company has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $11.05. nLIGHT has a 1-year low of $9.15 and a 1-year high of $14.73.

Analyst Ratings Changes

LASR has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of nLIGHT from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC decreased their price target on shares of nLIGHT from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st.

Insider Buying and Selling

In related news, CFO Joseph John Corso sold 2,500 shares of nLIGHT stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $10.92, for a total transaction of $27,300.00. Following the sale, the chief financial officer now directly owns 155,129 shares in the company, valued at $1,694,008.68. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott H. Keeney sold 12,013 shares of nLIGHT stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $9.96, for a total transaction of $119,649.48. Following the sale, the chief executive officer now owns 1,340,146 shares in the company, valued at approximately $13,347,854.16. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,019 shares of company stock worth $331,365 in the last ninety days. Company insiders own 6.10% of the company's stock.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.