Benchmark Electronics, Inc. (NYSE:BHE)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $28.85 and last traded at $29.10, with a volume of 210100 shares changing hands. The stock had previously closed at $29.15.
Several equities research analysts have issued reports on the company. Needham & Company LLC cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. TheStreet cut Benchmark Electronics from a “b” rating to a “c+” rating in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Benchmark Electronics presently has an average rating of “Hold” and a consensus target price of $36.67.
The company has a debt-to-equity ratio of 0.14, a current ratio of 3.60 and a quick ratio of 2.66. The firm has a market cap of $1,446.94, a price-to-earnings ratio of 23.28 and a beta of 0.50.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its position in Benchmark Electronics by 8.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock worth $142,000 after purchasing an additional 346 shares during the period. Riverhead Capital Management LLC grew its position in Benchmark Electronics by 71.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock worth $183,000 after purchasing an additional 2,363 shares during the period. Flinton Capital Management LLC grew its position in Benchmark Electronics by 70.7% in the 2nd quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock worth $186,000 after purchasing an additional 2,380 shares during the period. Janney Montgomery Scott LLC bought a new stake in Benchmark Electronics in the 3rd quarter worth approximately $230,000. Finally, Amalgamated Bank grew its position in Benchmark Electronics by 1.7% in the 2nd quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock worth $220,000 after purchasing an additional 115 shares during the period. 94.83% of the stock is owned by institutional investors.
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Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.
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