has earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, AnalystRatingsNetwork.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.03.
GIG has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating on shares of GigOptix in a research note on Thursday, February 4th. Barrington Research increased their price objective on shares of GigOptix from $2.80 to $4.00 and gave the company an “outperform” rating in a research note on Tuesday, January 5th. Sterne Agee CRT assumed coverage on shares of GigOptix in a research report on Friday, December 4th. They set a “buy” rating and a $4.25 target price for the company. Zacks Investment Research cut shares of GigOptix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 22nd. Finally, Northland Securities reiterated an “outperform” rating and set a $3.80 target price (up previously from $3.00) on shares of GigOptix in a research report on Tuesday, December 15th.
Shares of GigOptix (NYSE:GIG) traded down 4.08% during mid-day trading on Tuesday, hitting $2.35. 263,458 shares of the stock were exchanged. The company’s 50-day moving average is $2.66 and its 200-day moving average is $2.40. The firm has a market cap of $104.14 million and a price-to-earnings ratio of 78.33. GigOptix has a 1-year low of $1.13 and a 1-year high of $3.42.