Zacks Investment Research upgraded shares of SUNNY OPTICAL TECH HKD0.10 (NASDAQ:SNPTF) from a hold rating to a buy rating in a research note issued to investors on Wednesday. Zacks Investment Research currently has $16.00 price target on the stock.

According to Zacks, “Sunny Optical Technology Group Co., Limited is engaged in the design, research and development, manufacture and sales of optical and optical-related products. Optical components product includes glass spherical and aspherical lenses, plane products, handset lens sets, vehicle lens sets and other various lens sets. Optoelectronic products includes handset camera modules, three-dimensional optoelectronic products, security cameras and other optoelectronic modules and optical instruments includes microscopes, optical measuring instruments and various high-end optical analytical instrument. Sunny Optical Technology Group Co., Limited is based in Yuyao, the People’s Republic of China. “

SUNNY OPTICAL TECH HKD0.10 (NASDAQ:SNPTF) opened at 14.1495 on Wednesday. SUNNY OPTICAL TECH HKD0.10 has a 12-month low of $4.17 and a 12-month high of $15.00. The company has a market cap of $15.38 billion and a P/E ratio of 52.4056. The firm’s 50-day moving average price is $12.09 and its 200-day moving average price is $8.75.

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