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IPG Photonics (IPGP) in Focus: Stock Moves 9% Higher
August 02, 2017

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IPG Photonics Corporation (IPGP - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $145.08 to $157.30 in the past one-month time frame.

The move came after the company reported solid second-quarter 2017 results.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

IPG Photonics currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

IPG Photonics Corporation Price and Consensus

Another stock worth considering in the Lasers Systems and Components industry is Cutera, Inc. (CUTR - Free Report) which carries the same rank as IPG Photonics. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is IPGP going up? Or down? Predict to see what others think: Up or Down

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Cutera, Inc. (CUTR) - free report >>

IPG Photonics Corporation (IPGP) - free report >>


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