IPG Photonics Corporation (IPGP): Today's Featured Electronics Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. IPG Photonics Corporation (IPGP) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.2%. By the end of trading, IPG Photonics Corporation fell 72 cents (-1.2%) to $58.81 on light volume. Throughout the day, 289,326 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 606,000 shares. The stock ranged in price between $58.56-$60 after having opened the day at $59.73 as compared to the previous trading day's close of $59.53. Other companies within the Electronics industry that declined today were: Sequans Communications SA ADR (SQNS), down 15.6%, Triquint Semiconductor (TQNT), down 12.8%, Entropic Communications (ENTR), down 12.3%, and SemiLEDs (LEDS), down 11.9%.
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