Notable Runner: II-VI Incorporated (NASDAQ: IIVI)

Morning Updates

On 06 Nov 2019, II-VI Incorporated (NASDAQ: IIVI) spotted trading -23.54% off 52-week high price. On the other end, the stock has been noted 23.98% away from the low price over the last 52-weeks. The stock changed -1.28% to recent value of $36.34. The stock transacted 1485356 shares during most recent day however it has an average volume of 1315.54K shares. The company has 88.18M of outstanding shares and 86.97M shares were floated in the market.

II‐VI Incorporated (IIVI) recently reported the introduction of the industry’s first aspheric sapphire optics for next-generation laser systems that extend far beyond the 10 kW range.

“We are once again expanding the range of design options for high-performance optical systems, with innovative optics capabilities that consumers will only find at II-VI,” stated Steve Rummel, Sr. Vice President, Engineered Materials and Laser Optics Business Unit. “This year alone, we introduced new diamond-turned capabilities in zinc sulfide micro-optics, in calcium fluoride for visible optics, and now in sapphire for high-power near-infrared lasers. These innovations complement our advances, also this year, in high-durability dielectric coatings on copper, aluminum, nickel-plated, and brass-plated mirrors, both rigid and deformable. We will continue to build on these exclusive capabilities to enable our consumers to achieve breakthroughs in their next-generation system designs.”

Its earnings per share (EPS) expected to touch remained 10.90% for this year while earning per share for the next 5-years is expected to reach at 19.38%. IIVI has a gross margin of 38.30% and an operating margin of 11.10% while its profit margin remained 7.90% for the last 12 months.   According to the most recent quarter its current ratio was 3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 10.12% from the mean of 20 days, 2.28% from mean of 50 days SMA and performed -1.65% from mean of 200 days price. Company’s performance for the week was 9.62%, 14.19% for month and YTD performance remained 11.95%.