B. Riley upgraded shares of Mattson Technology (NASDAQ:MTSN) from a neutral rating to a buy rating in a research note released on Monday morning, TheFlyOnTheWall.com reports. They currently have $3.50 target price on the stock, up from their previous target price of $2.25.
Shares of Mattson Technology (NASDAQ:MTSN) opened at 2.81 on Monday. Mattson Technology has a 52-week low of $0.70 and a 52-week high of $2.87. The stock has a 50-day moving average of $2.40 and a 200-day moving average of $2.1. The company’s market cap is $165.8 million.
Mattson Technology (NASDAQ:MTSN) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $24.60 million for the quarter, compared to the consensus estimate of $24.86 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was down 29.5% on a year-over-year basis. On average, analysts predict that Mattson Technology will post $-0.17 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MTSN. Analysts at Northland Securities initiated coverage on shares of Mattson Technology in a research note to investors on Wednesday, August 28th. They set a market perform rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Mattson Technology in a research note to investors on Wednesday, August 28th. They set a market perform rating and a $2.00 price target on the stock. Finally, analysts at Needham & Company raised their price target on shares of Mattson Technology from $3.00 to $3.50 in a research note to investors on Thursday, July 25th. They now have a buy rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $3.00.
Mattson Technology, Inc (NASDAQ:MTSN) designs, manufactures, markets, and globally supports semiconductor wafer processing equipment used in the fabrication of integrated circuits (ICs).
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