Sunny Optical Technology (Group) (SNPTF) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Sunny Optical Technology (Group) (OTCMKTS:SNPTF) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, Zacks.com reports.

According to Zacks, “Sunny Optical Technology Group Co., Limited is engaged in the design, research and development, manufacture and sales of optical and optical-related products. Optical components product includes glass spherical and aspherical lenses, plane products, handset lens sets, vehicle lens sets and other various lens sets. Optoelectronic products includes handset camera modules, three-dimensional optoelectronic products, security cameras and other optoelectronic modules and optical instruments includes microscopes, optical measuring instruments and various high-end optical analytical instrument. Sunny Optical Technology Group Co., Limited is based in Yuyao, the People’s Republic of China. “

Separately, Jefferies Financial Group downgraded shares of Sunny Optical Technology (Group) from a hold rating to an underperform rating in a research note on Thursday, February 14th.

Shares of SNPTF traded down $1.43 during mid-day trading on Friday, hitting $9.67. 72,640 shares of the company’s stock were exchanged, compared to its average volume of 1,739. Sunny Optical Technology has a fifty-two week low of $7.68 and a fifty-two week high of $22.34.

About Sunny Optical Technology (Group)

Sunny Optical Technology (Group) Company Limited, an investment holding company, engages in designing, researching, developing, manufacturing, and selling optical and optical related products, and scientific instruments. The company operates in three segments: Optical Components, Optoelectronic Products, and Optical Instruments.

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