$TCPI @ .85 Cowen and Company Lowers TCP Intern
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Cowen and Company Lowers TCP International Holdings Price Target to $2.40 (TCPI)
Posted by Josh Shea on Nov 10th, 2015 // No Comments
TCP International Holdings logoTCP International Holdings (NASDAQ:TCPI) had its price target lowered by stock analysts at Cowen and Company to $2.40 in a research note issued to investors on Friday, Market Beat reports. The brokerage presently has a “market perform” rating on the stock. Cowen and Company’s price objective suggests a potential upside of 182.32% from the company’s previous close.
A number of other equities research analysts also recently weighed in on TCPI. Deutsche Bank cut shares of TCP International Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the company from $8.00 to $5.00 in a research note on Friday, August 7th. Zacks raised shares of TCP International Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 6th.
In other TCP International Holdings news, Director Ratta Ralph M. Della, Jr. purchased 9,200 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of $2.75 per share, for a total transaction of $25,300.00. Following the completion of the acquisition, the director now owns 23,452 shares in the company, valued at $64,493. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
TCP International Holdings (NASDAQ:TCPI) traded down 10.5158% during midday trading on Friday, reaching $0.8501. The company had a trading volume of 191,316 shares. The company has a market capitalization of $24.15 million and a PE ratio of 6.4402. TCP International Holdings has a one year low of $0.80 and a one year high of $7.21. The stock’s 50 day moving average is $2.47 and its 200 day moving average is $3.50.
TCP International Holdings Ltd. (NASDAQ:TCPI) is a worldwide provider of energy efficient light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting technologies. The organization designs, develops, delivers and produces fixtures, energy efficient lamps and Internet-based lighting control alternatives. The Company’s portfolio of CFL lamps and advanced LED and fixtures enables it to address a variety of applications demanded by its own retail and industrial and commercial (C&I) customers. Its main products include CFL and LED lamps and fixtures. The Company also offers complementary alternatives that utilize other energy efficient lighting technologies. Product development facilities are operated by the business in Aurora, Ohio and Shanghai, China.
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