Stock Investors Bid Up Shares of Rofin-Sinar Technologies, Up 2.0%

Published on Wed, 08/05/2015 - 11:29
By Mallory Stone in Market movers, RSTI, market movers, nasdaq:rsti, rofin-sinar technologies

Rofin-Sinar Technologies (NASDAQ:RSTI) is a company whose shares are active, trading 2.0% higher to $24.77. The Dow Jones Industrial Average is now trading 0.5% higher to 17,635 and the S&P is trading 0.8% higher to 2,110.

Over the past year, Rofin-Sinar Technologies has traded in a range of $16.46 to $38.68 and is now at $24.77, 50% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 0.94% lower over the past week, respectively.

Rofin-Sinar Technologies, Inc. develops, manufactures, and markets laser-based products used for cutting, welding, and marking a wide range of industrial materials. The Company, through its global network, provides a range of laser solutions to the machine tool, automotive, and semiconductor and electronics industries.

Potential upside of 34.5% exists for Rofin-Sinar Technologies, based on a current level of $24.77 and analysts' average consensus price target of $33.31. The stock should run into initial resistance at its 200-day moving average (MA) of $26.04 and subsequent resistance at its 50-day MA of $27.29.

By Mallory Stone
mstone@fnno.com

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