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Presstek, Inc. (PRST) [hlAlert]

Rating:
Buy PRST
down 93.98 %

Presstek, Inc. (PRST) rated Buy with price target $7 by Needham & Co

Posted on: Friday,  Apr 4, 2008  9:25 AM ET by Needham

Needham rated Buy Presstek, Inc. (NASDAQ: PRST) on 04/04/2008. Previously Needham rated Buy Presstek, Inc. (NASDAQ: PRST) on 07/10/2007., when
the stock price was $8.15. Since then, Presstek, Inc. has lost 93.99% as of 10/31/2014's recent price of $0.49.
If you would have followed the previous Needham's recommendation on PRST, you would have lost 93.98% of your investment in 2670 days.

Presstek, Inc. (Prestek), is a manufacturer and marketer of digital offset printing solutions. These products are engineered to provide a streamlined workflow that shortens the print cycle time, reduces overall production costs. The Company operates in two reportable segments: the Presstek segment and the Lasertel segment. The Presstek segment is primarily engaged in the development, manufacture, sales, distribution, and servicing of digital offset printing solutions for the graphic arts industries. The Lasertel segment is primarily engaged in the manufacture and development of high-powered laser diodes for a variety of industry segments. Presstek?s subsidiary, Lasertel, Inc. (Lastertel), manufactures semiconductor laser diodes for Presstek and external customer applications.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/4/2008 9:25 AM Buy
None
3.96 7.00
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD down  -89.87 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/20/2007 9:25 AM Buy
None
4.99 8.00
7/27/2007 9:25 AM Buy
None
7.27 9.00
7/10/2007 9:25 AM Buy
None
8.15 10.00

(*) Stock Price at the time of the recommendation.
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