IPG Photonics Issues Earnings Results, Beats Expectations By 0.10 EPS
| HIGN Index | 48.00 28.00 36.84% |
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IPG Photonics released its quarterly earnings results on Tuesday. The semiconductor company reported 0.29 EPS for the quarter, beating the consensus estimate of 0.19 by 0.10, Briefing.com reports. The company had revenue of 233.14 million for the quarter, compared to analyst estimates of 227.89 million. IPG Photonics had a negative
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NYSE New Highs Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NYSE New index to make a market-neutral strategy. Peer analysis of NYSE New could also be used in its relative valuation, which is a method of valuing NYSE New by comparing valuation metrics with similar companies.
Peers
NYSE New Related Equities
| IPGP | IPG Photonics | 0.50 | ||||
| EFRMF | East Africa | 0.00 | ||||
| CPAC | Cementos Pacasmayo | 0.34 | ||||
| GFF | Griffon | 1.29 | ||||
| AEM | Agnico Eagle | 2.45 | ||||
| CC | Chemours | 8.36 |