Rofin-Sinar Technologies (RSTI) is Initiated by Northcoast to Buy, Price Target at $33

Rofin-Sinar Technologies (RSTI) is Initiated by Northcoast to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $33. The shares recommendation by the Brokerage Firm was released on Dec-29-2015.

The company shares have dropped 8.34% in the past 52 Weeks. On June 5, 2015 The shares registered one year high of $30.41 and one year low was seen on August 26, 2015 at $23.1. The 50-day moving average is $27.83 and the 200 day moving average is recorded at $26.8. S&P 500 has rallied 1.33% during the last 52-weeks.

Shares of Rofin-Sinar Technologies, Inc. (NASDAQ:RSTI) appreciated by 2.77% during the past week but lost 5.85% on a 4-week basis. The shares have outperformed the S&P 500 by 0.01% in the past week but underperformed the index by 4.52% in the last 4 weeks.

Rofin-Sinar Technologies, Inc. (NASDAQ:RSTI) : On Thursday heightened volatility was witnessed in Rofin-Sinar Technologies, Inc. (NASDAQ:RSTI) which led to swings in the share price. The shares opened for trading at $27.05 and hit $27.25 on the upside , eventually ending the session at $27.05, with a gain of 0.15% or 0.04 points. The heightened volatility saw the trading volume jump to 25,236 shares. The 52-week high of the share price is $30.41 and the company has a market cap of $767 million. The 52-week low of the share price is at $23.0979 .

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President & CEO) of Rofin Sinar Technologies Inc, Merk Thomas had sold 50,000 shares worth of $1,405,000 in a transaction dated November 24, 2015. In this transaction, 50,000 shares were sold at $28.1 per share.

Rofin-Sinar Technologies Inc. is engaged in the designing, development, engineering, manufacturing and marketing of laser-based products used for cutting, welding and marking a range of materials. The Company offers a range of laser products and related services for three material processing applications: cutting, welding, and surface treatment (macro applications); marking, and fine cutting, fine welding, micro drilling, and micro structuring (micro applications). It provides a range of laser sources and laser-based system solutions to markets, such as the machine tool, automotive, semiconductor, electronics, and photovoltaic industries. Its product categories include Laser macro products, Laser marking products, Laser micro products and Components. The products are sold directly to end-users and to original equipment manufacturers (OEMs).