The company is so far trading up since yesterday’s close of 15.63. It is currently trading at $16.18 impressively higher than the 50 day moving average of $13.88 and which is impressively higher than the 200 day moving average of $9.99. The 50 day moving average went up by +16.57% and the 200 day average moved up $6.19.
Short traders are feeling a little more bearish on shares of Electro Scientific Industries, at least if you consider the change in short interest. The stock had a rise in short interest of 26.17% between September 15, 2017 and September 29, 2017. Short interest increased 100,867 over that period. The short-interest ratio decreased to 1.0 and the short interest percentage is 0.01% as of September 29.
Electro Scientific Industries, Inc. (ESI), launched on April 19, 1949, and its subsidiaries, supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products, which are sold to manufacturers of electronic components and are used to drill, cut, trim, ablate and test and mark features for the functionality of the component. The Micromachining segment includes products that are sold to manufacturers of end devices across various industries and are used to drill, cut or mark features on a range of materials, generally on the casing or external surface of the end device. The Business’s integrated solutions allow industrial designers and process engineers to control the power of laser light to transform materials. The Company has operations and subsidiaries in Asia, Europe and North America..
A few notable investment firms have updated their holdings. As of the end of the quarter Adirondack Research & Management Inc. had disposed of 98,583 shares trimming its holdings by 17.8%. The value of the total investment in Electro Scientific Industries, decreased from $3,864,000 to $3,756,000 a change of $108,000 since the last quarter. As of quarter end Baird Financial Group, Inc. had sold a total of 2,000 shares trimming its position 8.4%. The value of the investment in Electro Scientific Industries, went from $166,000 to $180,000 a change of 8.4% quarter over quarter.
As of quarter end Acadian Asset Management LLC had bought 5,676 shares growing its stake by 12.4%. The value of the investment in ESIO increased from $379,000 to $718,000 increasing 89.4% for the reporting period. As of the end of the quarter Louisiana State Employees Retirement System had sold a total of 100 shares trimming its holdings by 0.7%. The value of the investment in (ESIO) went from $111,000 to $187,000 a change of $76,000 quarter to quarter.
As of the latest earnings report the EPS was $-1.05 and is estimated to be $0.73 for the current year with 33,136,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.02 and the next full year EPS is anticipated to be $0.82.