IPG Photonics Corp. Stock Slips 5.9%, Underperforms Market

Dow Jones08-11

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of IPG Photonics Corp. slid 5.9% to $84.89 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.1% to 7,753.11 and Dow Jones Industrial Average falling 0.1% to 53,975.98.

IPG Photonics Corp. closed 45.5% below its 52-week high of $155.82, which the company reached on February 13th.

The stock demonstrated a mixed performance when compared to some of its peers, as Teradyne Inc. fell 3.7% to $365.10, Lumentum Holdings Inc. fell 8.6% to $813.51, and nLIGHT Inc. fell 9.17% to $51.01.

Trading volume totaled 379,642, compared to the 50-day average of 447,532.

Data source: Dow Jones Market Data, FactSet

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