nLIGHT (LASR) Projected to Post Quarterly Earnings on Thursday

nLIGHT (NASDAQ:LASR) is anticipated to issue 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 that are interested in registering for the company’s conference call can do so using this link.

nLIGHT Stock Down 1.4 %

Shares of LASR stock opened at $9.89 on Tuesday. The stock has a 50-day moving average price of $10.76 and a 200 day moving average price of $11.05. The firm has a market cap of $478.96 million, a price-to-earnings ratio of -9.60 and a beta of 2.18. nLIGHT has a 12 month low of $9.15 and a 12 month high of $14.73.

Analyst Ratings Changes

LASR has been the subject of a number of research reports. Needham & Company LLC lowered their price objective on nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on nLIGHT from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th.

Insider Transactions at nLIGHT

In other news, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $11.19, for a total transaction of $167,850.00. Following the transaction, the chief executive officer now owns 1,340,146 shares in the company, valued at $14,996,233.74. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph John Corso sold 2,500 shares of nLIGHT stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $10.92, for a total value of $27,300.00. Following the transaction, the chief financial officer now owns 155,129 shares in the company, valued at $1,694,008.68. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,019 shares of company stock worth $331,365. 6.10% of the stock is currently owned by company insiders.

About nLIGHT

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.