Zoltek Companies, Inc. (ZOLT) Maintains An Underperform Rating
By Benzinga Staff
February 09, 2010 5:18 PM
February 09, 2010 5:18 PM
Symbols: ZOLT
Tags: RBC Capital Markets
Analysts at RBC Capital Markets have maintained an Underperform rating for Zoltek Companies, Inc. (NASDAQ: ZOLT). Analysts have a price target of $5 for the Zoltek Companies, Inc. stock.
The company has reported results for the fourth-quarter. The company reported revenue of $28.9 million, which is below analysts’ estimate of $30.4 million. The company reported a loss of $0.10 per share. Analysts had forecast a loss of $0.04 per share.
The company has highlighted major customer delays for weaker-than-expected results. However, analysts believe that the volume and price declines in the quarter are further evidence that the company is facing structural competitive disadvantages.
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