Shares of IPG Photonics Corporation (IPGP) Sees Large Inflow of Net Money Flow

IPG Photonics Corporation (IPGP) : On Wednesday, The money flowed into the IPG Photonics Corporation (IPGP) stock with an uptick to downtick ratio was recorded at 1.68. Transactions worth $2.95 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.75 million. The total money flow into the stock was $1.2 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.84 million of block transactions on upticks. The total money flow in block trades was $0.84 million. In terms of price action, IPG Photonics Corporation (IPGP) traded down $0.01 during the session at $83.02. Compared to the previous days closing, the stock was down only by -0.01%. For the week, the stock is 0.23%, over previous weeks closing.


Shares of IPG Photonics Corporation appreciated by 2.5% during the last five trading days but lost 4.56% on a 4-week basis. IPG Photonics Corporation is up 4.61% in the last 3-month period. Year-to-Date the stock performance stands at -6.61%.

IPG Photonics Corporation (IPGP) : 10 analysts are covering IPG Photonics Corporation (IPGP) and their average rating on the stock is 1.7, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. IPG Photonics Corporation (IPGP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

IPG Photonics Corporation (NASDAQ:IPGP): The stock opened at $83.41 and touched an intraday high of $83.91 on Wednesday. During the day, the stock corrected to an intraday low of $82.625, however, the bulls stepped in and pushed the price higher to close in the green at $83.27 with a gain of 0.29% for the day. The total traded volume for the day was 163,591. The stock had closed at $83.03 in the previous trading session.

IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used for various applications, primarily in materials processing. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced, communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes, direct diode lasers, laser systems, communications systems and materials processing laser systems that utilize its optical fiber-based products, as well as other laser sources. It also manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers.

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