Other analysts have also recently issued reports about the stock. Maxim Group reaffirmed a buy rating and issued a $14.00 target price on shares of Avid Technology in a research note on Tuesday, November 5th. Zacks Investment Research cut shares of Avid Technology from a buy rating to a hold rating in a research note on Thursday, October 24th. Finally, ValuEngine raised shares of Avid Technology from a sell rating to a hold rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Avid Technology currently has an average rating of Hold and an average target price of $8.95.
AVID stock traded down $0.12 during midday trading on Friday, hitting $7.60. The stock had a trading volume of 9,004 shares, compared to its average volume of 394,541. The firm has a market cap of $314.26 million, a PE ratio of 63.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.91. Avid Technology has a 12-month low of $4.37 and a 12-month high of $10.79. The company’s 50-day moving average price is $6.55 and its 200 day moving average price is $7.67.
Avid Technology Company Profile
Avid Technology, Inc develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, which is used to edit video content, such as television programming, commercials, and films; Avid NEXIS shared storage systems; and Maestro product line solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows.
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