Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped 6.1% during mid-day trading on Thursday . The company traded as low as $18.60 and last traded at $18.60. Approximately 560,832 shares were traded during trading, a decline of 3% from the average daily volume of 579,590 shares. The stock had previously closed at $19.80.
SMCI has been the subject of a number of research reports. Wells Fargo & Co initiated coverage on Super Micro Computer in a report on Tuesday, November 14th. They set a “market perform” rating and a $20.00 price objective for the company. BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Maxim Group increased their price objective on Super Micro Computer from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.75.
The company has a current ratio of 2.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12. The stock has a market cap of $951.95, a PE ratio of 13.88, a P/E/G ratio of 1.01 and a beta of -0.15.
About Super Micro Computer
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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