Clearfield (NASDAQ:CLFD) Rating Increased to Hold at StockNews.com

Clearfield (NASDAQ:CLFDGet Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

A number of other analysts have also commented on CLFD. Northland Securities lifted their target price on shares of Clearfield from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Clearfield in a report on Tuesday, September 24th. Roth Mkm decreased their target price on Clearfield from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Lake Street Capital upgraded shares of Clearfield from a “hold” rating to a “buy” rating and increased their price target for the company from $31.00 to $47.00 in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Clearfield currently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Read Our Latest Analysis on Clearfield

Clearfield Trading Up 1.5 %

Shares of CLFD stock traded up $0.55 on Thursday, reaching $36.80. 351,561 shares of the stock were exchanged, compared to its average volume of 87,226. The stock has a 50 day moving average price of $37.55 and a 200 day moving average price of $37.61. The stock has a market cap of $524.03 million, a PE ratio of -59.35 and a beta of 1.35. Clearfield has a one year low of $23.45 and a one year high of $44.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.38 and a quick ratio of 5.73.

Institutional Trading of Clearfield

A number of large investors have recently bought and sold shares of CLFD. BNP Paribas Financial Markets increased its stake in Clearfield by 187.4% during the 1st quarter. BNP Paribas Financial Markets now owns 11,330 shares of the communications equipment provider’s stock worth $349,000 after purchasing an additional 7,388 shares in the last quarter. Quantbot Technologies LP increased its stake in Clearfield by 57.3% during the 1st quarter. Quantbot Technologies LP now owns 11,998 shares of the communications equipment provider’s stock worth $370,000 after purchasing an additional 4,371 shares in the last quarter. Vanguard Group Inc. boosted its position in Clearfield by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 1,012,432 shares of the communications equipment provider’s stock worth $31,223,000 after acquiring an additional 14,307 shares during the last quarter. Teton Advisors Inc. acquired a new position in Clearfield during the 1st quarter worth approximately $555,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Clearfield by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,536 shares of the communications equipment provider’s stock worth $233,000 after acquiring an additional 510 shares during the last quarter. 88.73% of the stock is owned by institutional investors.

Clearfield Company Profile

(Get Free Report)

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.

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