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Downgrade Alert for FEI Co (FEIC)

By Shiri Gupta

FEI Co (NASDAQ:FEIC) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $107.45 on volume of 2.1 million shares, above average daily volume of 207,000.

FEI Company designs, manufactures, and sells products based on focused charged particle beam technology. The Company's products include focused ion beam workstations, transmission electron microscopes, scanning electron microscopes, and components. The products are sold primarily to manufacturers of integrated circuits and life science and material science customers.

In the past 52 weeks, FEI Co share prices have been bracketed by a low of $64.93 and a high of $108.35 and closed yesterday at $107.45, 65% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.2%.

FEI Co (NASDAQ:FEIC) defies analysts with a current price ($107.45) 20.6% above its average consensus price target of $85.33. The stock should find initial support at its 50-day moving average (MA) of $87.20 and further support at its 200-day MA of $78.92.

SmarTrend is monitoring the recent change of momentum in FEI Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of FEI Co in search of a potential trend change.

Keywords: analyst upgrades/downgrades fei co

Ticker(s): FEIC