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The latest update is out from Bystronic ( (CH:BYS) ).
Bystronic has announced its acquisition of the ‘Tools for Materials Processing’ business unit from Coherent Inc., marking its expansion into growth markets like medical devices and semiconductors. This acquisition enhances Bystronic’s laser technology expertise and diversifies its portfolio with new applications, strengthening its market position and operational resilience.
The most recent analyst rating on (CH:BYS) stock is a Sell with a CHF272.00 price target. To see the full list of analyst forecasts on Bystronic stock, see the CH:BYS Stock Forecast page.
More about Bystronic
Bystronic is an internationally leading company in sheet metal processing technology and innovation, offering advanced laser cutting systems, press brakes, and automation solutions. Headquartered in Switzerland, it has development and production sites in Germany, Spain, Italy, China, and the USA, serving customers in over 30 countries.
Average Trading Volume: 914
Technical Sentiment Signal: Strong Sell
Current Market Cap: CHF520.1M
Find detailed analytics on BYS stock on TipRanks’ Stock Analysis page.