Xcerra Corporation (NASDAQ:XCRA)‘s stock had its “neutral” rating reaffirmed by research analysts at B. Riley in a report issued on Monday.

XCRA has been the topic of several other research reports. Stifel Nicolaus downgraded shares of Xcerra Corporation from a “buy” rating to a “hold” rating and upped their price objective for the company from $10.00 to $10.25 in a research note on Monday, May 15th. BidaskClub downgraded shares of Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $10.20.

Shares of Xcerra Corporation (XCRA) opened at 9.56 on Monday. Xcerra Corporation has a one year low of $5.14 and a one year high of $10.01. The company has a market capitalization of $518.79 million, a price-to-earnings ratio of 29.88 and a beta of 1.59. The company’s 50-day moving average price is $9.57 and its 200-day moving average price is $9.37.

Xcerra Corporation (NASDAQ:XCRA) last announced its quarterly earnings data on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $103.64 million for the quarter, compared to the consensus estimate of $97.10 million. Xcerra Corporation had a net margin of 4.86% and a return on equity of 6.63%. On average, equities research analysts predict that Xcerra Corporation will post $0.43 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Xcerra Corporation’s (XCRA) “Neutral” Rating Reiterated at B. Riley” was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://theolympiareport.com/2017/08/28/xcerra-corporations-xcra-neutral-rating-reiterated-at-b-riley.html.

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Xcerra Corporation during the second quarter valued at approximately $106,000. Sensato Investors LLC bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $110,000. FNY Partners Fund LP bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $120,000. PEAK6 Investments L.P. bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $121,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $127,000. 79.02% of the stock is owned by hedge funds and other institutional investors.

About Xcerra Corporation

Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.

Analyst Recommendations for Xcerra Corporation (NASDAQ:XCRA)

Receive News & Ratings for Xcerra Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcerra Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.