Veeco Instruments Inc. (NASDAQ:VECO) traded at a new 52-week high today of $23.08. This new high was reached on below average trading volume as 154,000 shares traded hands, while the average 30-day volume is approximately 409,000 shares.
In the past 52 weeks, shares of Veeco Instruments Inc. have traded between a low of $7.42 and a high of $23.08 and is now at $22.70, which is 206% above that low price.
Veeco Instruments Inc. (NASDAQ:VECO) is currently priced 9.0% above its average consensus analyst price target of $20.66.
Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company’s product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
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